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The economy of Georgia grew by 6.5% in April, which is the highest growth rate in recent years, both in the monthly and quarterly sections, Prime Minister Giorgi Kvirikashvili said at a government meeting. According to statistics, Georgia's GDP for the period from January to April grew by 5.5% mainly due to the rise in the private sector. The Georgian Prime Minister noted that the turnover of production in the private sector in the first quarter increased by 18.6% year-on-year to 18 billion lari, which also contributed to the growth of new jobs by 5.3%. Since the beginning of the year, the average monthly salary in the business sector has increased by 8% to 1 thousand 100 lari. The Government of Georgia expects GDP growth by 4.5% in 2018.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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