Georgia’s GDP declined by 5.3% in August 2020

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product  (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the…

3 mins read

Georgian economy contracted by 5.5 % in July 2020

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth in Georgia (July 2020). Estimated real Gross Domestic Product (GDP) declined by 5.5 percent in July 2020 YoY and by 5.8 percent in the first seven months…

4 mins read

Georgia’s economic recovery from the pandemic

The FINANCIAL — Coronavirus pandemic resulted in the most severe global economic contraction of 21 century, however,  the world is slowly recovering from the most drastic global economic crisis since the Great Depression. TBC Capital published the research about tracking the recovery of…

5 mins read