Georgia is targeting 7-10% of economic growth
By Messenger Staff
Tuesday, December 28On September 3, 2010 one of the parliamentary majority sessions held in Anaklia by President Saakashvili stated that to develop quickly, Georgia needs an annual growth rate of 7-10%, because a 5-6% growth rate is not enough for visible progress. So far this year, the figures of economic growth remain approximately the same as the first half of 2010 which was 6.6% and after the first 9 months it is at 6.5%. Therefore we can see that so far, even through the official statistics, Georgia has managed to get closer to the bottom figure of the proposed economic growth. It should be mentioned that the economic growth of the country greatly depends on incoming FDI, the rates of which have unfortunately not been very encouraging. So far in 2010 there are fewer investments than in 2009.