Last week, National Statistics Office of Georgia (GeoStat) announced its rapid estimate of GDP growth at 1.3% in 3Q13 based on various fiscal and monetary statistics as well as VAT taxpayers’ turnover. The real GDP grew by 3.9% in October driving total 10M13 growth to 1.9%. The trend of economic growth is encouraging in the second half of the year, setting a good momentum for the next year. IMF expects Georgia’s economy to post 2.5% GDP growth in 2013. In 2014, the Georgian government expects 5.0% growth.