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Monday, 19 March 2018


Gilauri: we were one of the first to come out of recession

2011-03-22 18:55

14933.jpegGeorgia was one of the first in the region to come out of recession. As reported by Business Georgia, such information was voiced today by PM Nika Gilauri during his speech in parliament. "We ended 2010 with a 6.4-percent economic growth, which is no small figure, considering the reality in the region. It clearly points at the fact that the country was one of the first to come out of recession in the region", - the prime minister underlined.


He said many countries in the region recorded a negative figure of growth according to summary indicators. With reference to the data presented by IMF's Internet resource, Gilauri stated that "the figure of economic growth in Armenia in 2010 grew by 4 percent, in Azerbaijan by 4,2 percent, in Russia by 4 percent, in Latvia by 1 percent, in Lithuania by 1,3 percent, in Moldova by 3,2 percent, in Ukraine by 3,7 percent". Besides, the prime minister foretells a 5-7-percent economic growth in Georgia this year.

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