Q3’20 GDP Declined by 5.6% – Preliminary Data

Georgia’s real GDP contracted by 5.6% year-on-year during the third quarter of 2020, according to preliminary data released by the National Statistics Office (Geostat) on December 18. In Q3’20, GDP at current prices amounted to GEL 13.33 billion (USD 4.03 billion),  while the GDP deflator increased by 5.9%. Geostat also released data on the amount of decreases … https://civil.ge/archives/387910 #news