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Oct 17, 2019
The IMF kept Georgia’s trend growth rate at 5.2%
- Global growth projections have been revised downwards in IMF’s October World Economic Outlook by 0.3 and 0.2 pp to 3.0% and 3.4% for 2019 and 2020, respectively.
- The downward revision mostly reflects slower economic activity in both advanced as well as emerging markets.
- Though overall growth projections have worsened, the outlook has improved for number of Georgia's economic partners.
- As for the growth projections for Georgia, the IMF expects 4.6% and 4.8% for 2019-2020, while the long-term growth is kept unchanged at 5.2%.