5.5% economic growth predicted for 2012

In 2010 Georgia’s GDP reached GEL 20.7 billion. In the three quarters of 2011 GDP was GEL 7.3 billion. It is predicted that by the end of the forth quarter the country’s GDP would reach GEL 23 billion. According to the budget Georgia’s economic growth should be around 5.5% this year. However some analysts suggest that such growth is unrealistic as 2012 is a year of elections and generally speaking a country’s economy does not grow that fast during an election year.