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country's growth are its booming construction, real estate and tourism sectors.
According to Geostat, annual GDP growth in the first three quarters stood at 4.7%.
Meanwhile, reflecting inflationary pressures, the consumer price index (CPI) in September was up 6.2% y/y and 0.7% m/m. The producer price index for industrial goods increased by a steeper 13.4% y/y and 2% m/m.
3.2 Macro outlook
South Caucasus needs to attend to implementing reforms in 2018 EBRD report says
The three countries that make up the South Caucasus need to prioritise implementing economic reforms in 2018, the European Bank for Reconstruction and Development (EBRD) said in its EBRD Transition Report 2017-2018 published on November 22.
Georgia
The report says Georgia, the region's best performing economy in recent years, needs to step up public investments without compromising fiscal sustainability; restructure public-private partnerships (PPPs) in line with a newly developed framework that is in line with international standards;
11 GEORGIA Country Report December 2017 www.intellinews.com