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GDP growth slowed to 2.2% YoY in November 2018

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BM.GE
10.01.19 15:21
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GDP growth slowed to 2.2% YoY in November 2018 following 6.7% in October 2018. A slower growth in November is to be primarily attributed to a weaker domestic demand on the back of the one-off decline in construction activity related to some infrastructure projects, likely effectively tight fiscal stance, elevated GEL volatility in November and front-loaded lending in October. Also, lower exports in some high domestic value added categories have contributed to the growth negatively.

Source: TBC Research