Georgia’s economic contraction was 5.5% y/y in July 2020 after falling 7.7% y/y in June 2020 and 12.6% y/y in 2Q20, according to Geostat’s rapid estimates.
In July, real growth was positive in mining and manufacturing activities only.
Overall, real GDP growth was down 5.8% y/y in 7M20. Monthly rapid estimates are based on VAT turnover, fiscal and monetary statistics.
