**Georgia’s Economy on the Rise: Prime Minister Sees Positive Trends**
In a speech to Parliament, Georgian Prime Minister Irakli Kobakhidze emphasized the importance of economic development in driving the country’s progress. The government has released a 150-page report outlining its activities over the past year, with a focus on projects implemented by ministries.
**Strong Economic Growth Continues**
The Prime Minister highlighted Georgia’s impressive economic growth rates, citing a 9.4% increase in GDP for 2024. This trend is expected to continue into 2025, with growth reaching 8.8% from January to April and promising preliminary data for May. The International Monetary Fund has also raised its forecast for Georgia’s economic growth in 2025 to 7.2%, a figure that the government believes can be exceeded.
**Key Drivers of Economic Growth**
The Prime Minister attributed the country’s strong economic performance to several factors, including a favorable business environment and a highly skilled workforce. He also emphasized the importance of continued investment in infrastructure and innovation, which will help drive further growth and development.
**Government Commitment to Economic Development**
Kobakhidze’s speech underscored the government’s commitment to supporting businesses and entrepreneurs, creating jobs, and improving living standards for Georgians. The Prime Minister called on parliamentarians to work together to maintain a strong economic growth rate, which will be crucial in addressing social and democratic challenges.
**Opportunities and Challenges Ahead**
As Georgia continues to experience high economic growth, there are opportunities for investment and innovation. However, the government must also address potential challenges, such as ensuring that the benefits of growth are shared equitably across society and maintaining a stable business environment.
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