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EBRD Cuts Georgia’s Economic Growth Forecast
The European Bank for Reconstruction and Development (EBRD) has cut its 2013 growth forecasts for Georgia’s economy by two percentage points, saying country’s “prospects have worsened relative” to its January forecast. EBRD predicts Georgia’s economy will grow 3% in 2013, instead of 5% it forecasted in January and well below of the Georgian government's official …