TBILISI, June 3 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) has raised the 2026 economic growth forecast for Georgia by 0.5 percentage points to 6 percent, according to its latest Regional Economic Prospects report released on Wednesday.
The upward revision reflects Georgia's strong economic performance. The EBRD said the growth has been driven largely by the service sector, while tourism remains a key contributor to economic activity.
Private consumption continued to support economic expansion, underpinned by rising real wages and strong credit growth.
The London-based development bank forecasts Georgia's economy to grow by 5.0 percent in 2027. It said major investments in real estate, transport infrastructure and renewable energy could provide additional momentum for the country's economic growth.
However, the EBRD warned that the ongoing conflict in the Middle East could dampen economic momentum through weaker tourism revenues and higher costs for imported energy. ■