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2.5% economic growth predicted in South Caucasus

2.5% economic growth predicted in South Caucasus
2.5% economic growth predicted in South Caucasus

According to World Bank experts, there will be only 2.5% economic growth in the South Caucasus in 2021. Armenia met 2021 with the most shrinking economy(-8.0%), followed by Georgia (-6.0%) and Azerbaijan (-5.0%). But in 2021, the economy will grow the most in Georgia (4.0%), followed by Armenia (3.1) and Azerbaijan (1.9%).

In 2022, not only in the South Caucasus but also in Eastern Europe and Central Asia, the largest economic growth of 6% is forecast for Georgia.

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