19 November 2024,   20:40
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Georgia’s economy to grow by 3.5% in 2021 - Asian Development Bank

According to the Asian Development Bank (ADB), Georgia’s economy is expected to grow by 3.5% in 2021.

Asian Development Bank says the gradual lifting of restrictions must resume the country’s economic growth this year and further accelerate in 2022. It predicts inflation slowdown by 5.0% in 2021 and 3.5% in 2022. Besides, ADB expects agriculture to grow by 3.2% in 2021 and by 3.9% next year.

According to their forecast, investments will slow down in 2021, as a private investment will dwindle by 7.5%, although growth is expected in 2022.

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