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Georgia's economic growth slows to 4.4 pct in Jan yr/yr

TBILISI, Feb 28 (Reuters) - Georgia’s economic growth slowed to 4.4 percent year ... while the highest growth sectors were the processing industry, services and real estate. The former Soviet republic, which hosts pipelines carrying Caspian oil and ...

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Reuters) - Georgia’s economic growth slowed to 4.4 percent year-on-year in January 2018, preliminary official data showed on Wednesday, down from 5.2 percent in January 2017 and 4.7 percent in December last yearThere was a slowdown the transport sector and in energy and communication, while the highest growth was registered in the processing industry, construction, trade and servicesIn 2017, the economy expanded 4.8 percent, accelerating from 2.2 percent in 2016 thanks to higher exports and remittances from abroad, while the highest growth sectors were the processing industry, services and real estateThe former Soviet republic, which hosts pipelines carrying 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 government in Tbilisi expects 4.5 percent economic growth in 2018(Reporting by Margarita Antidze Editing by Edmund Blair)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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