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World economic outlook optimistic about Georgia

By Messenger Staff
Monday, April 23
The International Monetary Fund has released a World Economic Outlook report that predicts Georgia will become the leader in the region, according to improving economic growth indicators.

It expects the economy to grow by 5% in 2012 and 6% in 2013, while the Azeri economy is expected to grow by only 3.1% this year, and just only 1% next year. Armenia is predicted to see growth, but at a much smaller rate than Georgia 3.8% in 2012 and 4% in 2013.

Azerbaijan still has the largest economy in the region.

While this is good news for Georgia, the government still expects double-digit growth rates for the coming years.