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Georgia’s Economy Gathers Pace, Grows 4.4 pct in Jan-July

Georgia’s economy expanded 4.4 percent year on year in the first seven months of 2017, data showed on Wednesday, up from 2.7 percent in the same period of 2016 as exports and remittances from abroad rose.

Georgia, through which pipelines carry Caspian oil and gas to Europe, is recovering from a fall in exports and plunge in the currencies of its main trading partners, which have depressed economic growth in recent years.

Georgia’s economy expanded by 2.2 percent last year and the government in Tbilisi expects it to grow 4 percent in 2017.