Georgia, Tbilisi, Jan. 30 / Trend N.Kirtzkhalia /
In 2010, Georgia's economic growth will amount to two percent, experts of the European Bank for Reconstruction and Development (EBRD), which represented its reports on the results of 2009 and projections for 2010 in the Tbilisi Marriott hotel said.
Based on the report, in 2009, the Eastern and Central European countries' economy declined by 6.3 percent because of the sharp falls in production in the first half of 2009. But, in the third quarter there have been positive growth trends, which have certified that the economic downturn in the countries where the EBRD acts is on the verge of completion and begins recovery.
The experts said in 2010, the rise trend may be quite weak and fragmented.
"The social expenses of global economic crisis will be visible next year when companies' tendency of bankruptcy and unemployment will rise. In the medium term, the economic growth in the region of the EBRD's activities is expected to be lowest in this decade," EBRD Chief Economist Eric Berglöf said.
Regarding Georgia, the report noted that in 2009, the country's economy declined by 5.5 percent and in 2010 GDP may increase, presumably, by 2 percent.
EBRD Country Economist for Georgia Anita Taci said the crisis has had a fairly strong influence on Georgia's economy.
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