Macroeconomic Forecast Georgia

GDP growth measured 7.7% y-o-y in the first 11 months of 2005, and we expect it to have increased slightly to 7.9% by the end of the year. This surge in growth is likely to persist in 2006, though after that we expect the rate of expansion to moderate. Attracting more inward investment after the completion of major pipeline projects will be crucial for robust growth in the medium term

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