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The economy of Georgia grew by 7.5% in May, having recorded the highest growth in annual terms over the past few years, according to the National Statistical Service of the country. This was announced at a briefing by the Prime Minister of Georgia Mamuka Bakhtadze. According to the Georgian prime minister, export, which increased in May by 50% in annual terms, was a significant factor contributing to economic growth. According to official data, GDP of Georgia for the period from January to May grew by 6.1% compared to the same period last year. The government of Georgia predicts that in 2018 the country's GDP will grow by 4.5%.
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 reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
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