
Galt&Taggart predicts that Georgia's economy will grow by 10.2% in 2022, and by 4.8% - in 2023.
According to the preliminary data published by the National Statistics Office of Georgia (GEOSTAT), in November 2022, the annual growth of Georgia's real GDP accelerated to 9.3%, after the growth of 8.3% in the previous month. In total, in the first 11 months of 2022, the economy of Georgia increased by 10.0% annually.
In November, the economic growth was recorded in the construction, transport, financial and insurance activities, mining, trade and hospitality sectors, while it decreased in the manufacturing and real estate sectors.
“According to our forecast, Georgia's economy will grow by 10.2% in 2022, and by 4.8% in 2023,” - Galt&Taggart notes.
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