The Georgian economy grew by 7.2% YoY in the first quarter of 2023 and by 7.3% in March, the latest data for the gross domestic product by the National Statistics Office of Georgia on Friday showed.
The office said the estimated real growth compared to the same period of the previous year was observed in construction, financial and insurance activities, transportation and storage, and trade.
Decline was registered in manufacturing, energy and real estate activities.
Deputy Economy Minister Vakhtang Tsintsadze said a “positive economic growth rate” was expected to be maintained “over the coming months”.
“We will be able to ensure higher economic growth than was predicted at the beginning of the year, including by international financial institutions,” Tsintsadze said. (Agenda/Business World Magazine)
