Georgia improves its economic forecast
Georgia, Tbilisi, Apr. 15 / Trend N.Kirtzkhalia /
The Georgian government improved its own forecast on the economic growth in the first quarter of 2010 from 2-percent growth to 4-percent.
Although in 2010 the budget was planned with 2-percent growth, but in January-February, the government realized that economic growth will be no less than three percent, Finance Minister Kakha Baindurashvili was quoted as saying by the Kommersant radio. The international organizations' estimates also strengthened the government's optimism, he said.
Based on the International Monetary Fund's most recent estimates, the rate of economic growth in the country will be at least 4 percent.
The International rating agency Standard & Poors predicts 3.5 percent economic growth in Georgia in 2010.
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