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Georgia’s Economy Gathers Pace, Grows 5.5%

Georgia’s economy grew 5.5 percent year-on-year in the first four months of 2018, preliminary official data showed on Wednesday, up from 4.2 percent in the same period last year.

The fastest growth occurred in the processing industry, construction, trade and services sectors, the data showed.

In April alone, gross domestic product grew by 6.5 percent year-on-year after expanding 5.6 percent in March. In April a year ago, GDP grew by 2.1 percent.

In 2017, Georgia’s economy expanded by 5 percent, accelerating from 2.2 percent in 2016 thanks to higher exports and remittances from abroad, while the fastest growing sectors were the processing industry, services and real estate.