ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2019. Here are the highlights of this month’s release:
Recently, GeoStat has released its preliminary estimate of real GDP growth for the third quarter of 2019. The Q3 growth rate now stands at 5.7%, which is 1.4% below ISET-PI’s last forecasted value. As a result, the estimated real GDP growth for the first nine months of 2019 amounted to 5.0%.
ISET-PI revised its forecast of real GDP growth for the fourth quarter of 2019 to 4.4% - down from 5.5% in September.
Based on September’s data, we expect annual growth in 2019 to be 4.9%. This number is in line with the National Bank of Georgia’s growth forecast for 2019 (the forecast remained unchanged at 4.5%). According to the latest Monetary Policy Report, there are two groups of factors that pull growth in opposite directions: (1) the tightened monetary policy (to prevent the emergence of the inflationary expectations) negatively affecting the growth forecast, and (2) improved trade balance and strong fiscal stimulus positively contributing to the growth estimation.
20
November
2024
GeoStat has published its preliminary estimate of real GDP growth for September 2024, which stands at 8.3%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.4%, 9.6%, and 11.1%, respectively. Consequently, the average real GDP growth from January to September 2024 reached 9.8%.
25
October
2024
Geostat has published its preliminary estimate of real GDP growth for July 2024, which stands at 13%. In addition, the estimated growth for the first and second quarters of 2024 reached 8.4% and 9.6%, respectively. Consequently, the average real GDP growth from January to August 2024 reached 10%.
23
September
2024
Geostat has published its preliminary estimate of real GDP growth for July 2024, which stands at 13%. In addition, the estimated growth for the first and second quarters of 2024 reached 8.4% and 9.5%, respectively. As a result, the average real GDP growth from January to July 2024 was 9.7%.
22
July
2024
Geostat has published its preliminary estimate of real GDP growth for May 2024, which stands at 9.2%. In addition, the estimated growth for the first quarter of 2024 reached 8.4%, which is 0.6 ppt higher than the previous estimate. As a result, the average real GDP growth for January - May 2024 reached 9.3%.
24
June
2024
Geostat has published its preliminary estimate of real GDP growth for April 2024, which stands at 11.8%. In addition, the estimated growth for the first quarter of 2024 reached 7.8%.
