Asian Development Bank upgrades Georgia’s growth outlook to 5.5%

The Asian Development Bank has upgraded Georgia’s economic growth forecast from 5% to 5.5%, citing strong performance in the services, information, and communications sectors.

The Asian Development Bank also noted that Georgia is striving to position itself as a regional transport, trade, and logistics hub.

Ongoing infrastructure development, improved connectivity, and strategic geographic location are seen as major advantages that could enhance the country’s role in regional supply chains and transit routes.