The European Bank for Reconstruction and Development (EBRD) raised Georgia's economic growth forecast for 2021 by 1 percent to 4.5%.
At the same time, in 2022, the EBRD forecasts a 5.5% growth of the Georgian economy.
The EBRD also improved its regional growth forecast for 2021, raising it from 3.6% to 4.2%. The EBRD Regional Economic Outlook reports that with 20.2 percent growth in 2021, the recovery of emerging economic systems in Eastern Europe, Central Asia, and North Africa will pick up after the Covid-19 pandemic.
