Georgia’s GDP growth is projected to slow to 4.6 percent in 2019, - the World Bank said in Europe and Central Asia Economic Update, Spring 2019: Financial Inclusion report.

“Georgia’s GDP growth is projected to slow to 4.6 percent in 2019as external demand weakens and the NBG tightens measures to encourage responsible lending,” the report reads.

According to the World Bank, growth will rebound to 5 percent by 2021.

“While newly introduced measures in the banking sector are expected to slow credit growth and private consumption, they will strengthen the resilience of the sector and its ability to sustainably support the economy,” the report reads.

The World Bank says that inflation will remain low, anchored by credible monetary policy.