Georgia’s real GDP expanded by 2% in November 2016, after a 1.3% growth in October, according to the preliminary data released by the State Statistics Office.
Economy grew by 2.4% in the first eleven months of 2016, according to Geostat’s preliminary data.
The 2016 economic growth forecast was reduced from 3% to 2.7% as a result of budgetary amendments approved on December 21, 2016. Georgia’s economy expanded by 2.9% in 2015, the weakest growth rate since 2009. (Civil Georgia/Business World Magazine)