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ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2016 (the final update) and the first quarter of 2017. Here are the highlights of this month’s release:

• Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2016. The estimated growth stands at 1.2%, which is 1.7% lower than the value forecasted in the last update of our model.

• Given the latest data, Georgian real GDP growth in 2016 is estimated as having been 2.2% (0.5 percentage points lower than projected by our model).

• ISET-PI’s forecast for the first quarter of 2017 puts GDP growth at 3.5%.

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