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The International Monetary Fund’s Calculations

Published: November 8, 2013 | 1:32 pm
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Georgia will have the lowest economic growth rate in the region, according to the IMF’s calculations. The IMF predicts the Georgian economy to only grow by 2.5% this year, citing political instability as the chief reason for slower growth.
The Finance Minister Nodar Khaduri has blamed the former President Mikheil Saakashvili, claiming that the latter constantly placed obstacles in the way of improving the economy. However, the expert Irakli Lekvinadze’s assessment is even more pessimistic than the IMF’s.
In contrast with 2013, the IMF expects the economic growth rate to reach 5% next year. The Finance Minister has promised that there will be a far more predictable business environment in place in 2014, and that next year’s State Budget will plan for a 5% growth.

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