Standard & Poor's expects economic growth in Georgia

Business Materials 26 March 2012 17:41 (UTC +04:00)

Georgia, Tbilisi, March 26 / Trend N.Kirtzkhalia /

Unlike the expectations of the Georgian leadership, the influential rating agency Standard & Poor's said Georgia is unlikely to repeat the pre-war and pre-crisis growth rate.

According to its estimates, Georgia's GDP will grow annually by 6 percent, in 2012-2014. It should be reminded that the Georgian President said that since 2012 the economy will grow by 8-10 percent a year. Standard & Poor's assigned to Georgia "BB+" rating with "stable" forecast.

The agency noted "stable" outlook reflects the relatively good prospects for economic growth and stabilization of the political environment.