Georgia’s National Bank forecasts economic growth in 2013

The National Bank of Georgia expects economic growth in the country during 2013-2014, despite some decline outlined at the end of last and the beginning of this year.

According to the monthly inflation report of the National Bank, the real growth of the Georgian economy in 2013 will amount to six percent.

This forecast is mainly based on the upcoming investment in agriculture and food processing industry. According to the report, economic growth will also affect the development of trade and tourism.

The National Bank predicts growth of local consumption associated with the restoration of consumer confidence and reduced uncertainty.

"This is caused by the agriculture development program and the preservation of infrastructure projects", the report says.


/Trend/