EBRD increased the economic growth forecast of Georgia to 6.5%

According to the forecast of the European Bank for Reconstruction and Development (EBRD), the economy of Eastern Europe and the Caucasus will grow by 2.8% this year. It should be noted that expectations have been reduced by 0.2 percentage points since the previous forecast.

It should also be noted that the EBRD lowered its expectations for the region's economic growth in 2025, in particular, compared to the previous forecast, the expectations decreased by 0.1 percentage point and amounted to 3.5%.

As for Georgia, the EBRD increased the economic growth forecast for 2024 by 1.3 percentage points, and left the forecast for 2025 at the current level. In particular, according to the EBRD's forecast, the economy of Georgia will grow by 6.5% this year, and by 4.6% in 2025.

As for the countries of the region, the economic growth forecast of the EBRD in 2024 is as follows:

Armenia - 6.2% economic growth;

Azerbaijan - 3.8% economic growth;

Russia - 3.6% economic growth;

Moldova - 3.2% economic growth;

Ukraine - 3% economic growth;

Turkey - 2.7% economic growth.

The mentioned information is distributed by "BusinessPressNews".