Real GDP growth was 5.7% y/y in October 2017
Georgia’s economy expanded 5.7% y/y in October 2017, highest monthly growth since July 2014, according to GeoStat’s rapid estimates. Overall, in 10M17 real GDP growth was 4.9% y/y (growth was 2.4% y/y in 10M16). In October 2017, the growth was recorded in hotels and restaurants, manufacturing, trade and transport sectors, while growth was down in construction and real estate operations. Monthly rapid estimates are based on VAT turnover, fiscal and monetary statistics.
Tbilisi hosted Belt & Road Forum 2017
On November 28-29, 2017, Tbilisi Belt and Road biennial high-level Forum of 2017 hosted over 2000 government officials, international organizations, experts and business representatives to discuss issues pertaining to the constantly evolving regional and global trade landscape, including trade facilitation, opportunities of e-commerce and digital connectivity, transport infrastructure and energy sector. The Forum also offered companies opportunities to participate in business-to-business meetings to network, share experiences and knowledge.
