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ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the third and fourth quarters of 2017. Here are the highlights of this month’s release:

Recently, Geostat published the preliminary estimate of real GDP growth for the second quarter of 2017, which now stands at 4.7%. This is 0.7 percentage points above the previously estimated average growth rate for Q2. As a result, the real GDP growth for the first half of 2017 reached 4.9%.

The ISET-PI real GDP growth forecast for both the third and the fourth quarter of 2017 has been revised to 5.9%.

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