Georgia’s economy grew at 6% annual rate in the first quarter of 2012, according to the preliminary figures released by the Georgian state statistics office, Geostat, on April 30. That follows a 8.8% y/y growth in the final three months of 2011. Geostat said it would release detailed GDP figures for the first quarter of this year on June 19. Georgia’s GDP grew 7% y/y in 2011, according to Geostat. PM Nika Gilauri said at a government session on April 30, that 6% growth in the first quarter “is quite good figure.” “February was a difficult period because of freeze and heavy snow. Economic activities were lower than we expected,” he said. |
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