(Civil.Ge) — Georgia’s real GDP grew 1.3% in October, after 1.5% growth in September, according to preliminary data released by the state statistics office on November 30.
Economy grew 2.5% in the first ten months of this year, according to Geostat’s preliminary data.
Government’s forecast for 2016 economic growth stands at 3%. But PM Giorgi Kvirikashvili, who appeared before lawmakers last week as part of confirmation hearings for his cabinet, said that the government projects 2.7% economic growth this year.
Kvirikashvili also said that the government expects 3.4% economic growth next year, but initial draft of 2017 state budget projects 4% economic growth.
Georgia’s economy expanded by 2.9% in 2015, the weakest growth since 2009.