TBC Capital to increase economic growth forecast for Georgia
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As the TBC Capital's chief economist Otar Nadaraia said, the revised forecast for the six-month economic growth rate is higher than their previous forecast, which is why they are revising to 7.2% economic growth.
“The dynamics of economic growth in the last months is higher than the monthly distribution of the 7.2% scenario envisaged. Therefore, we will probably look at the forecast in the next week, which will be higher than the current one", - Nadaraia said.
According to the preliminary data published by the National Statistics Office of Georgia (GEOSTAT), in June 2023 compared to the same period last year, Georgia’s GDP grew by 7.7%, and the average real growth in January-June was 7.6%.
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25%
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75%