has revised downwards Georgia’s growth forecast to 4.3% from 4.6% due to the
challenges caused by the Russian travel ban and slowdown in tourism revenues.
Fitch supposes a slight acceleration of economic growth through upturn in capital expenditures in 2020-2021 up to 4.7%.
Among challenges the Agency names political risks coming from the conflict regions and uncertainties regarding the 2020 parliamentary elections.
It’s should worth mentioning that Fitch kept Georgia’s BB sovereign rating unchanged due to high level of governance, attractive investment and business environment and steadiness to regional shocks.