ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the second quarter of 2018. Here are the highlights of this month’s release:

Geostat has released its GDP growth estimate for the first quarter of 2018. The Q1 growth stands at 5.2 percent, which is 1.1 percentage points above the recent ISET-PI forecast.

ISET-PI’s forecast of real GDP growth for the second quarter of 2018 stands at 5.9 percent - up from 5.1 percent in April.

Based on March’s data, we expect annual growth in 2018 to be 5.4 percent in the worst-case or “no growth” scenario, and 6.4 percent in the best-case or “average long-term growth” scenario. Our “middle-of-the road” scenario (based on average growth over the last four quarters) predicts 5.7 percent real GDP growth in 2018.

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