Georgia’s economy grew by 6.1% in 2012, according to preliminary figures released by the state statistics office, Geostat, on January 30. The growth slowed to 2.5% year-on-year in the last quarter of 2012. Real GDP grew 5.2% y/y in October, 3% in November and contracted by 0.8% in December, according to preliminary data. Real GDP growth in the first quarter stood at 6.7% y/y, accelerating to 8.2% in the second quarter and stood at 7.5% in the third quarter, according to Geostat’s preliminary figures. |
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