IMF forecasts slowdown in Georgia's economic growth | Lao Tribune

IMF forecasts slowdown in Georgia’s economic growth

The International Monetary Fund (IMF) expects a slight slowdown in Georgia’s GDP growth in 2016, according to the organization’s ‘World Economic Outlook’ report.

Georgia’s GDP growth is forecasted to reach 2.5 percent in 2016 and 4.5 percent in 2017. This figure stood at 2.8 percent in 2015.

Consumer prices in Georgia will grow by 4.3 percent in 2016 and by 4.5 percent in 2017, as compared to 4 percent in 2015, according to the IMF forecast.

The current account deficit will drop to 10.3 percent of GDP in 2016 and to 9.1 percent of GDP in 2017, as compared to 11.6 percent of GDP in 2015.

Source: Trend