World Bank predicts 4% growth in Georgian economy in 2021

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29 November 2024, 02:37

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World Bank predicts 4% growth in Georgian economy in 2021

06-01-2021 14:16

The World Bank’s forecasts the Georgian economy to grow by 4% in 2021 and by 6% in 2022.

The bank writes that regional GDP in Europe and Central Asia is estimated to have contracted 2.9% last year, while this year the regional economy is forecast to expand only moderately by 3.3%, “as the resurgence of COVID-19 cases causes persistent disruptions to activity”.

The COVID-19 pandemic has generated a major health and economic crisis in the region that has been compounded by social unrest and conflict.

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