Georgia achieved strong economic results last month, with overall growth reaching 8% in January–July, the Georgian Prime Minister Irakli Kobakhidze said at a government meeting.
He noted that this is the highest indicator not only in the wider region but also across Europe.
According to the Prime Minister, the International Monetary Fund raised its economic growth forecast for Georgia to 7.2% about a month ago.
“We believe that at the current pace, we will exceed this forecast. The rest depends on our work. Naturally, positive economic trends will strengthen the lari and help replenish foreign exchange reserves. Over the past seven months, the lari has gained 15 tetri against the dollar, reflecting solid economic fundamentals. Between March and July, the National Bank increased foreign exchange reserves by $1.3 billion — a record figure. With August included, based on available data, we expect this number to exceed $1.5 billion, allowing us to close the year with a new record. I would like to once again thank the National Bank and its President for their efforts and significant results,” Kobakhidze said.
