TBILISI (Reuters) – Georgia expects its economy to contract 4% in 2020 due to the spread of the coronavirus, the ex-Soviet country’s prime minister said on Friday.
Giorgi Gakharia told the government the economy would lose 1.8 billion lari ($563 million) in revenue this year.
The government had been projecting 4.5% growth this year.
The South Caucasus country of 3.7 million has so far reported 431 confirmed cases of the coronavirus, with five deaths.
(Reporting by Margarita Antidze; Editing by Alison Williams)
