ECONOMY

GDP declined by 7.7 % in November

31.12.20 12:40


The year-on-year decline in the real gross domestic product (GDP) was 7.7 percent in November 2020 and 5.9 percent on the average for the first 11 months of 2020, preliminary estimates of the National Statistics Office of Georgia read.


In November 2020, the year-on-year decline is reported in the spheres of construction, transportation, storage, arts, entertainment and recreation, accommodation and food services, wholesale and retail trade, repair of motor vehicles and motorcycles.

 

Growth was registered in manufacturing, financial and insurance activities, information and communication, water supply, sewerage, waste management, and remediation activities.

 

 

source: 1TV

 

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