ISET

ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the February 2014 releases of various economic indicators.

• The growth forecast for the 1st quarter of 2014 has been revised upward from 5.3% to 7.3%.
• The growth forecast for the 2nd quarter of 2014 has been targeted at 7.0%. Meanwhile, Geostat has released official quarterly growth GDP rate for the last quarter of 2013 and it is quite impressive 7.1%.
• From 2014 we started to draw some conclusions about annual growth rate for year 2014. The methodology that we use and the scenario description is explained in our previous publication. Given these developments, we expect the annual growth rate in 2014 to be 4.5% at the very least and more likely somewhere around 5.7%. Download the full report

ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the January 2013 releases of various economic indicators.

• The growth forecast for the 1st quarter of 2014 has been revised downward from 5.6% to 5.3%.
• The growth forecast for the 2nd quarter of 2014 has been targeted at 5.9%. Meanwhile, Geostat has updated GDP annual growth estimate of 2013 from 3.1% to 3.2%.
• From 2014 we started to draw some conclusions about annual growth rate for year 2014. The methodology that we use and the scenario description is explained in our previous publication. Given these developments, we expect the annual growth rate in 2014 to be 3.9% at the very least and more likely somewhere around 5.0%. Download the full report

ISET-PI has updated its now-casting model for Georgia’s real GDP growth using the December 2013 releases of various economic indicators.

• The growth forecast for the 4th quarter of 2013 is unchanged at 4.9%, suggesting annual growth of 2.6%, while Geostat’s flash estimates are 6.9% for 2013Q4 and 3.1% for the whole year.
• The growth forecast for the 1st quarter of 2014 is broadly unchanged (revised downward slightly from 5.7% to 5.6%). Thus, we expect the annual growth rate in 2014 to be at least 3.4% and more likely around 5.6%. Download the full report

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