World Bank Estimates Georgia’s Economy to Contract by 6% in 2020

According to a recent World Bank economic update on Europe and Central Asia, Georgia’s economy is projected to contract by 6% in 2020 primarily due to COVID-19-related restrictions on mobility, disruption of tourism and collapse in external demand. The shock stemming from the contraction will be accompanied by significant welfare impacts, the World Bank noted. … https://civil.ge/archives/373986 #news #economic_growth #headline #world_bank