Georgia Economic Growth Strengthens In Q2

My FX Forum

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Georgia's economy growth improved in the second quarter after slightly easing in the previous three months, preliminary data from the National Statistical Office showed Tuesday.

Gross domestic product grew 5.5 percent year-on-year following a 5.3 percent increase in the first quarter. In the final three months of 2017, the economy expanded 5.4 percent.

In the same quarter of 2017, GDP growth was 4.9 percent.

Manufacturing grew 8.5 percent, followed by mining and quarrying with 8.1 percent increase. Utility sector output rose 1.5 percent, while farm and forestry shrunk 3.3 percent. Construction output tumbled 7.1 percent.
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