Fitch Lowers Georgia’s Growth Forecast

Fitch Lowers Georgia’s Growth Forecast

access_time2019-08-19 14:49:16

Fitch 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. 


Similar News