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%.