According to a recent World Bank report, the Georgian economy is expected to grow by 7.5% by 2024, exceeding even its own potential growth rate. The increase is largely due to household consumption, government expenditures, and strong investment.
The report also mentions that re-distributions into Central Asia, and specifically used cars, have increased significantly. The trade gap is expected to remain low.
The WB predicts a growth rate of 5% in the medium term. This is in line with Georgia’s potential growth rate. The report also highlights primary risks, such as the insecurity surrounding the upcoming election.
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