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Georgia's economy gathers pace, grows 4.8 pct in 2017


TBILISI, Jan 31 (Reuters) - Georgia’s economy expanded by 4.8 percent year-on ... The highest growth was registered in the processing industry, services and real estate operations. In December alone, gross domestic product grew by 4.7 percent after ...


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Reuters) - Georgia’s economy expanded by 4.8 percent year-on-year in 2017, preliminary official data showed on Wednesday, up from 2.2 percent in 2016Economic growth accelerated thanks to higher exports and remittances from abroadThe highest growth was registered in the processing industry, services and real estate operationsIn December alone, gross domestic product grew by 4.7 percent after expanding 3.7 percent in NovemberIn December a year ago, GDP grew by 0.3 percentThe former Soviet republic, through which pipelines carry Caspian oil and gas to Europe, is recovering from a decline in exports and a plunge in the currencies of its main trading partners, which have depressed economic growth in recent yearsThe International Monetary Fund said in October that it expected Georgia’s economy to grow 4.3 percent in 2017, up from a previous forecast of 3.5 percent(Reporting by Margarita Antidze; Editing by Catherine Evans)0 : 0narrow-browser-and-phonemedium-browser-and-portrait-tabletlandscape-tabletmedium-wide-browserwide-browser-and-largermedium-browser-and-landscape-tabletmedium-wide-browser-and-largerabove-phoneportrait-tablet-and-aboveabove-portrait-tabletlandscape-tablet-and-abovelandscape-tablet-and-medium-wide-browserportrait-tablet-and-belowlandscape-tablet-and-belowDisclaimerPrivacyReuters PlusAll quotes delayed a minimum of 15 minutesSee here for a complete list of exchanges and delays.

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