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High economic growth recorded in Georgia - minister

Business Materials 31 July 2021 11:38 (UTC +04:00)
High economic growth recorded in Georgia -  minister

BAKU, Azerbaijan, July 31

By Tamilla Mammadova – Trend:

Georgia recorded high economic growth of 18.7 percent in June 2021, which is unprecedented, said Minister of Economy Natia Turnava, Trend reports via Georgian media.

The growth was observed not only in 2020, but also in COVID-19 pre-pandemic 2019 when the growth stood at 9.5 percent. The country’s economy has grown even compared with a successful 2019,” Turnava said.

According to her, growth was recorded in almost all areas, especially in the processing industry, the financial sector, the hospitality industry, construction and trade.

“These are the sectors that are the biggest employers in Georgia. We expect the country’s economy to grow by 7.7 percent. We hope that jobs will grow along with the economy, ” she says.

Compared to June 2020, in June 2021 almost all sectors - processing industry, finance, insurance, transport and warehousing, trade, hotel and restaurant sectors, real estate transactions posted a growth.

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