Georgia expects economic decline | Report.az

Georgia’s economic development forecast for 2020 has been updated due to the global pandemic, Report says, citing Koba Gvenetadze, President of the National Bank of Georgia.

According to him, the country expected a decline of 5% this year, instead of the previously forecasted 4%. The year-on-year drop in Georgian economy made 5.8% in the first half of 2020.