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World Bank Downgrades Georgia's Economic Growth Forecast to 3.5%

World Bank Downgrades Georgia’s Economic Growth Forecast to 3.5%

World Bank (WB) has downgraded Georgia’s economic growth forecast to 3.5%. The bank has published the forecast in a new report.

Under the new report, in January Georgia’s economic growth was supposed to be 5.2% in 2017, 4% in 2018 and 4.5% in 2019.

According to the WB estimations, Azerbaijani economy will decline by 1.4%, Armenia is expected to record 2.7% upturn, Russia – 1.3% growth and Turkey – 3.5% growth.
World Bank forecasts global economic growth to mark 2.7%.