13 July 2020,   05:32
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Economy reduced by 16.6% in April - GeoStat

Based on preliminary estimations of the National Statistic Service of Georgia, economy has been reduced by 16.6% in April in comparison to the same month of the last year.

The decrease is detected in all sectors except mountainous mining industry. The Statistics National Service published prognosis of economic growth for April of 2020.
 
According to the Executive Director of Geostat Gogita Todradze, construction made the biggest contribution to the 16.6% decline in the Georgian economy in April, followed by trade and manufacturing. 

“Despite the ongoing infrastructure projects in the construction sector, there has been a downward trend in the construction of residential and non-residential buildings”, - he added.

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