January 31, 2020 / 11:00 AM / a month ago

Georgian economy grows 5.2% in 2019

TBILISI, Jan 31 (Reuters) - Georgia’s economy expanded 5.2% in 2019, up from 4.8% growth in 2018 and meeting the government’s projection of at least 5% for the last year, preliminary data showed on Friday.

Gross domestic product grew by 3.8% in December, down from 5.6% in the same month a year ago and from November’s 6.4% year-on-year reading.

Among sectors showing the fastest growth were food processing, transport, trade, repair of cars and motorbikes, hotels and restaurants business, while there was a decline in construction.

The government expects growth this year of 4.5%. (Reporting by Margarita Antidze; Editing by Hugh Lawson)

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