Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
TBILISI, July 23 (Xinhua) — Georgia continues to demonstrate high resilience amid heightened domestic and geopolitical uncertainty, the International Monetary Fund (IMF) said in a statement on Wednesday following its annual consultations.
As noted in the statement, the Georgian economy maintains strong growth rates, inflation has stabilized near the target level, and public debt remains moderate. Such results were possible due to consistent macroeconomic policies, as well as stable domestic and external financial positions.
The IMF estimates that growth should slow to potential levels as domestic demand weakens, while inflation and public debt will remain stable if prudent monetary and fiscal policies continue.
Among the key challenges facing the Georgian economy, the IMF named high levels of structural unemployment, low productivity in agriculture, and a shortage of skilled labor. To overcome these difficulties, it recommended developing the vocational education system and increasing support for the agricultural sector. –0–
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