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National Bank of Georgia predicts GDP growth

2009-12-25 17:45

At the sitting of the Committee of the Monetary Policy of Georgia prognosis was made that next year the growth of GDP will amount 2 per cent - GHN.

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The prognosis was made by the National Bank of Georgia. The next Committee sitting will be held on January 20th 2010.

Previously Nika Gilauri, the PM, reported the annual economic growth amounted minus 5.5 per cent. He assessed the index as not bad. The recession amounted -5.9 per cent in the first quarter; -10 per cent in the second, -1.3 in the third.

He added that in November in December the growth of credit portfolio of the banking sector was detected for the first time over the year.

"It means the banking sector is getting active, and credits are getting more available. It will favor economic activity," the PM said.

 

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