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Georgia’s GDP is Expected to Rise: UN Report

UN predicts Georgia’s real GDP growth at 2.5 percent in 2016, 2.7 percent — in 2017, according to the UN report World Economic Situation and Prospects 2016.

According to the UN data, Georgia’s GDP growth decreased up to 2.5 percent in 2015 (compared to 4.8 percent in 2014, 3.3 percent — in 2013).

According to the UN forecasts, the inflation will amount to 5.1 percent and three percent in Georgia in 2016 and 2017 respectively.

The inflation amounted to 5.8 percent in Georgia in 2015 (compared to 3.1 percent in 2014, as well as deflation at 0.5 percent — in 2013).

The report entitled “World Economic Situation and Prospects” is prepared at the beginning of each year by the United Nations Department of Economic and Social Affairs, the United Nations Conference on Trade and Development and five regional commissions of the organization.