Georgia Unemployment Rate Drops To 8.7 Percent
The downward trend for exports will be reflected in Georgia due to a worldwide economic downtown that's hitting China and Europe particularly hard, Dhawan predicts.
Though Georgia exports grew by almost 20 percent in 2011, numbers through July of this year show an increase of only 2.3 percent.
Troubles in the international economy and the decline in exports will ripple through other Georgia industries, Dhawan predicts.
"A global slowdown led by China affect Georgia's transportation and manufacturing sectors via lower demand for state exports - especially of machinery, aircraft and vehicles," Dhawan said in his report.
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