November GDP Contracted ? Preliminary Data

Georgia’s real GDP contracted by 0.5% in November compared to the same month last year, after 3.5% year-on-year growth in October, according to preliminary data released by the state statistics office on Tuesday.

Economic growth in the first eleven months of 2014 was 5% y/y, according to Geostat.

Government’s forecast for GDP growth in 2014 stands at 5% and it projects the same figure for next year.