Georgian economy shrank by 3.9% in October

30.11.20 13:25

Georgia's economy shrank by 3.9% in October, - said Gogita Todradze, executive director of the National Statistics Office.

According to him, the average real growth in January-October is negative and stands at -5.1%.


"According to the declared data of VAT-paying enterprises, in October 2020, compared to the same period last year, the Georgian economy shrank by 3.9%. Therefore, the average rate of decline in the first 10 months is -5.1%", - said Todradze.


source: IPN 

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