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Policy Research Team

Yaroslava Babych
Lead Economist, Macroeconomics
+995 322 507 177 (ext. 205)

Yasya Babych was born in Ukraine. Studied at the University of Kyiv-Mohyla Academy in Kyiv, then continued her education in the US. In 2000 received a Bachelor of Arts degree from Franklin and Marshall College with a double major in Economics and in Philosophy. She graduated with Ph.D. in Economics from George Washington University in Washington, DC in 2011.

At ISET Yasya teaches first and second-year courses in Macroeconomics and Open Economy Macro. Since September 2013 she is also serving as an Academic Director of ISET Policy Institute. Her research and professional interests are focused on macroeconomic stability and growth patterns in transition economies, systemic crises and financial sector stability, the effect of a country's political institutions on growth takeoffs, and the effects of financial crises on long-term growth patterns. Yasya is also leading a Macroeconomic Policy Research Center at ISET-PI. The core activities of the Center involve regular monitoring of macroeconomic indicators for Georgia, and consulting services for governments, the private sector, and international organizations. 

Related works

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March 2021 GDP Forecast | Growth ups and downs projected in the first two quarters point to an uncertain recovery in 2021
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February 2021 GDP Forecast | National, global vaccination efforts, resumption of travel and trade are key to Georgia’s economic recovery in 2021
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January 2021 GDP Forecast | GDP Growth Projections for 2020 currently at -5.5%, but a Two Month Lockdown Means More Bad News for Growth Are Yet to Come
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December 2020 GDP Forecast | Decline in Global Oil Prices Drives Trade Balance and Inflation Rate Improvements in Georgia
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November 2020 GDP Forecast | 2020 brought epidemic, war and oil crisis to the Caucasus – but the outlook is brighter for 2021
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October 2020 GDP Forecast | Georgia’s growth rate remains negative, but a swift recovery is expected next year
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Quarter 2 2020, Macro Review | In the Eye of the Hurricane: Georgia’s Economic Performance from April to June 2020
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September 2020 GDP Forecast | Riding Out the Pandemic Storm: Trends, Projections and Uncertainties
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July 2020 GDP Forecast | The Perfect Storm: Trade, Tourism, Inflation Indicators Deteriorate Dramatically, while Remittances Are Quick to Recover
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May 2020 GDP Forecast | Coronavirus Realities: Dismal Q2 and Q3 Growth Forecasts May Not Be Low Enough
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April 2020 GDP Forecast | February 2020 data shows first signs of dramatic deterioration in Georgia’s economic situation, but international experts expect a quick recovery in 2021
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Quarter 1 2020, Macro Review | Early signs of pandemic
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