BAKU, Azerbaijan, August 2. Renaissance Capital Investment Bank published a forecast on Georgia's GDP growth in 2022, Trend reports with reference to the bank's report.
According to the Renaissance Capital's forecast, the GDP growth rate in Georgia is estimated at 6.3 percent in 2022 and in at 5.9 percent next year.
Overall, the South Caucasus region's economies, despite extensive ties with Russia, are generally showing stronger growth than Renaissance Capital expected in March of this year, the bank said.
"Georgia has benefited from the relocation of citizens (immigrants and tourists) and businesses from the region. By the mid-year Georgian lari has not only compensated for its earlier losses but showed solid strengthening relative to the start of the year)," the Renaissance Capital reported.
Meanwhile, according to the Bank's forecast, inflation in Georgia is expected to slow down to 10 percent in 2022 and to 3.5 percent in 2023.