Georgia's economy grows 5.5 pct yr/yr in Jan-July, up from 2017
TBILISI, Sept 10 (Reuters) - Georgia's economic growth
accelerated in the first seven months of 2018, rising 5.5
percent year-on-year compared with 4.4 percent in the same
period of 2017, preliminary data showed on Monday.
Growth in July alone was 4.6 percent year-on-year, up from
4 percent in June and from 3.8 percent a year earlier.
The former Soviet republic hosts pipelines carrying Caspian
oil and gas to Europe. Georgia is recovering from a decline in
exports and a plunge in the currencies of its main trading
partners, which have depressed economic growth in recent years.
In 2017 Georgia recorded growth of 5 percent as exports
recovered and remittances from abroad rose. The fastest growing
sectors were the processing industry, services and real estate.
The government expects growth of 4.5 percent in 2018
(Reporting by Margarita Antidze; editing by Mark Heinrich)
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