ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2018 (final update), and the first quarter of 2019. These are the highlights of this month’s release:
Geostat updated its preliminary estimate of real GDP growth for the third quarter of 2018. The Q3 estimate was revised downward to 3.7% (0.3 percentage points lower than the previous estimate).
The real GDP growth rate reached only 2.2% year-on-year for November 2018. Consequently, the estimated real GDP for the first eleven months of 2018 was revised downward to 4.7%.
ISET-PI’s real GDP growth forecast for the fourth quarter of 2018 was reduced to 3.4%.
Based on November’s data, annual growth in 2018 is expected to be 4.5%.
According to the most recent (second vintage ) forecast for 2019, the growth rate in the first quarter is expected to be 2.8%.
The National Bank of Georgia’s forecast for real GDP growth in 2018 remained the same at 5.5%, while the World Bank predicts 5.3% growth. It is notable that NBG has maintained the growth forecast at 5% for 2019. This number coincides with the WB’s recent estimate.
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%.
24
May
2024
Geostat has published its preliminary estimate of real GDP growth for March 2024, which stands at 8.2%. In addition, the estimated growth for the first quarter of 2024 reached 7.8%.
