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economic growth

Georgia’s GDP declined by 5.3% in August 2020

1 min read

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 economic growth of 4.5 % in 2021 thanks to expected recoveries in tourism, private consumption, investment and net exports. In Q2 2020 the nominal GDP amounted to GEL 11 210.0 million. Estimated real gross domestic product (GDP) declined by 5.3 per cent in August 2020 year-on-year and by 5.6 per cent in the first eight months of 2020 year-on-year,…

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Georgia’s GDP declined by 5.3% in August 2020

1 min read

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 economic growth of 4.5 % in 2021 thanks to expected recoveries in tourism,…

Georgian economy contracted by 5.5 % in July 2020

2 mins read

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 of 2020. In July of 2020 the estimated real growth compared to the…

Georgia’s economic recovery from the pandemic

2 mins read

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 Georgian economy. Authors of this publication are, Otar Nadaraia, Mary Chachanidze, Aleqsandre Bluashvili and Tornike Kordzaia. …