IMF sees growth in Georgian economy in 2010
Georgia, Tbilisi, Nov. 13 / Trend , N.Kirtzkhalia/
The next mission of the International Monetary Fund (IMF) in Georgia summed up the results two-week work and submitted a new report on Georgia.
According to the IMF representative in Georgia, Edward Gardner, the fund forecasts a 4-percent-decrease in the Georgian economy in 2009 and a 2-percent increase in 2010.
Gardner said that there are already 'green shots' in the country's economy and business will first feel overcoming the crisis.
The IMF representative said one-billion-dollar investment should be drawn to achieve a two-percent economic growth.
Regarding the economic threats that may arise as a result of the H1N1 epidemic virus, Gardner said that the epidemic is possible here and this can affect the economy. In particular, traffic movement will be limited, but it will be temporary and the economy will quickly rehabilitated, he said.