The Georgian economy grew 5.5 percent in July year-on-year and 7.2 percent in the first seven months of 2023, the National Statistics Office of Georgia said, Azernews reports, citing Agenda.
Last month’s growth was mainly driven by estimated real growth in financial and insurance activities, construction, trade, professional, and scientific and technical sectors, the Office said.
However, decline was registered in manufacturing, mining and quarrying, information and communication sectors.
The World Bank’s economic update in April said growth in Georgia was expected to ease to 4.4 percent in 2023 and then reach five percent in 2024 and 2025.—Azer News
