Georgia's economy gathers pace

Georgia's economy expanded by 4.8 percent year-on-year in the first 11 months of 2017, official data showed on Saturday, up from 2.4 percent in the same period of 2016. Economic growth accelerated thanks to higher exports and remittances from abroad. In November alone, gross domestic product grew by 3.7 percent after expanding 5.7 percent in October. In November a year ago, GDP grew by 2 percent.
The former Soviet republic, through which pipelines carry Caspian oil and gas to Europe, is recovering from a decline in exports and a plunge in the currencies.