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with key trade partners in the FSU

Fitch Expects the Georgian Economy to Grow 2.5% This Year, Rising to 4.2% in 2017 

7 mins read

The FINANCIAL -- 2016 will be another challenging year for growth, with key trade partners in the FSU, notably Russia, set to contract again, according to Fitch Ratings. While the real effective exchange rate depreciated by almost 5% in 2015, boosting competitiveness, a narrow export base will limit Georgia's ability to take advantage of this. However, tourism could perform well, with Georgia potentially set to benefit from rising security risk in many competitor destinations. Low oil prices will continue to boost real incomes and credit growth will remain strong. Fitch expects the Georgian economy to grow 2.5% this year, rising…

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Fitch Expects the Georgian Economy to Grow 2.5% This Year, Rising to 4.2% in 2017 

7 mins read

The FINANCIAL -- 2016 will be another challenging year for growth, with key trade partners in the FSU, notably Russia, set to contract again, according to Fitch Ratings. While the real effective exchange rate depreciated by almost 5% in 2015, boosting competitiveness, a narrow export base will limit Georgia's ability to take advantage of this.…