Georgia, Tbilisi, November 18 / Trend, N. Kirtskhalia /
Georgian Prime Minister Nika Gilauri summed up economic activity results of first 10 months of the year at today's meeting of the Government. He said the activity was rather positive.
"The economic activity in 10 months was rather positive and, as a result, the pace of economic growth reached 6.5 percent, a rather high indicator we had expected from the beginning of the year and so had the International Monetary Fund. Our initial parameter in the early year was 5.5 percent but we revised it later and, upon consent with the IMF, the pace of economic growth this year should have been 6 percent. The parameter of the pace of economic growth gets increased, though we officially leave 6 percent," Gilauri said.
All this happens at a time when 20 countries have their paces of economic growth cut.
"And this also happens at a time when there is a serious economic crisis in the world, and financial markets are on the edge of breakdown," Gilauri noted.