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We Have Unprecedentedly High Economic Growth In The Whole World - PM

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Natia Taktakishvili
05.09.22 15:30
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Irakli Garibashvili, Prime Minister of Georgia on Monday says Georgia has unprecedented economic growth worldwide according to the 7-month data. The head of the government announced it before the meeting of the Cabinet of Ministers in the administration.

"Last week, the economic growth rate was published, which amounted to 10.3% in the last 7 months, this is really an unprecedentedly high economic growth rate in the whole world. Due to Russia-Ukraine War, there are very big challenges not only in Europe, as these problems are transmitted to the whole world. Against this background, our country manages to reach double-digit economic growth, which is welcome.

Exports in the country increased by 40%, while remittances - by 46.8% and exceeded USD 300 million. Moreover, the turnover of the business sector increased by 25% in January-June. The number of employed people also increased both in the first and second quarter," Gharibashvili said.