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Georgia deeper in economic crisis

By Messenger Staff
Monday, February 9
The IMF estimates that in 2009 the world economy will increase only by 0.5%. This is the lowest indicator since the Second World War.

Massoud Ahmed, Director of the Middle East and Central Asia Department of the IMF, recently visited Georgia and told journalists, that Georgia, as part of the global economic system, is also negatively influenced by the crisis. The inflow of direct foreign investments, which was quite solid and was attracted by current economic reforms in the country, has sadly gone down.

Massoud Ahmed thinks that economic upturn is not expected in the country until 2010. Georgia needs to implement a consistent economic policy, making serious efforts to protect the most vulnerable layers of the population.