Plans for GDP growth increase in Georgia
By Messenger Staff
Thursday, May 21Before the world economic crisis the Georgian Government planned for nominal GDP growth of around GEL 21.5 billion in 2009, but subsequently this figure was revised and is today around GEL 21.3 billion. This is a decrease of approximately 1%.
GDP growth is now projected to be 2.5%. However this figure might need extra revision as the world financial crisis could create multiple challenges for Georgia’s economy. With the current political crisis also applying pressures there is no guarantee that the situation will not deteriorate further.