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Factors impacting economic growth in Georgia revealed

Business Materials 28 June 2019 17:15 (UTC +04:00)

Baku, Azerbaijan, June 28

By Tamilla Mammadova - Trend:

Recent fluctuations and changes in the exchange rate of lari may have a negative impact on inflation or economic growth in June, said Executive Director of the National Statistics Office of Georgia Gogita Todradze, Trend reports with reference to apsny.ge.

He noted that despite the nominal growth, real growth will be relatively low.

“If the price index rises, the real growth will be relatively low despite the nominal growth, and this will have a negative effect in medium term,” said Todradze.

In his words, latest developments in the financial sector will impact the economic growth. “We will talk more precisely about this after results of the quarterly review are published,” he added.

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