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Georgian economy isn’t afraid of inflation

2010-08-18 12:16

"Economic growth for 2010 amounts 4.6 per cent," is the position of the Committee for Monetary Policy of the National Bank of Georgia - Kommersanti radio.

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According to their calculations, the growth of economy directly depends on financial sector, trade, industry, and transport. Besides, according to the bank's conclusion, inflation about 6 per cent is expected, and there are small risks of further increase of inflation.

The calculations of the same bank say now there are two positions on dynamics of further growth. From the one side, the growth of tempo of economic crediting implies fast economic recovery; from the other side, the tempo of foreign investments inflow and their capital is still not clear.

Another sitting of the Committee for Monetary Policy of the National Bank is planned for today.

 

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