EBRD: Signs of declining economic growth emerge in Georgia
Georgia, Tbilisi, Jan. 22 / Trend N. Kirtskhalia /
The European Bank for Reconstruction and Development (EBRD) has confirmed its forecast of 5% GDP growth in Georgia for 2013 made in October last year, according to a Regional Economic Prospects report, published on the website of the bank.
The new report of the EBRD also confirmed Georgia's GDP growth forecast by 6.5 percent in 2012.
"Georgia's economy grew rapidly throughout most of 2012, and remains strong. Nevertheless, there are some signs that this pace might slow due to lower investment and the uncertainty associated with the transition period following the elections," according to the review.
The bank points out that a wide range of funds provided by external donors was largely wiped out after the 2008 financial crisis, "the task of the new government is to attract private funding for investment in key sectors of the economy."