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Debate over Economic growth

By Messenger Staff
Thursday, October 7
Georgia’s ruling authorities claim to target high economic growth, giving Singapore as an example to follow. However even Georgia’s official economic growth figures are not that impressive. The goal for 2010 was 6% economic growth, while the prediction for 2011 is 4.5%. Independent analysts suggest that with these rates it will take Georgia 40 years to catch up with developed countries. It is also a reality that unless there is serious foreign investment in the country it will be impossible to guarantee the growth of economy in the future.