Georgia's GDP will grow 6.5% in 2011 - PM
TBILISI. Dec 28 (Interfax) - Georgia's GDP is expected to grow 6.5% in 2011, Prime Minister Nikoloz Gilauri said at a government meeting on Tuesday.
"As for the rate of GDP growth, it is expected to be 6.5% for the year. This figure could change plus or minus by only 0.1 percentage point," Gilauri said.
He said inflation in December 2011 compared to December 2010 was 2%.
"At the beginning of the year, the inflation figure in annual terms was 11-12%, in May this figure reached 14%, then it began to drop and in December, that is in 12 months, it fell to 2%, and the average annual figure was 8.5%," Gilauri said. These are preliminary figures and could change before the end of the year, though not by much, he added.
Gilauri said the report for 2011 and plans for 2012 would be made public on December 30. "In particular, we will specify the main goals and priorities of the government's work in 2012," he said.
