October GDP Growth 3.9% – Preliminary Data

Georgia’s real GDP grew 3.9% year-on-year in October after 1.6% growth in September, according to preliminary data released by the state statistics office, Geostat, on Friday.

Growth for the first ten months of 2013 was 1.9% y/y, according to Geostat.

Next year’s growth forecast is set at 5% in the draft of 2014 state budget.

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