January 2018 GDP Forecast | Trade, not consumption or investment, is poised to be the largest source of GDP growth for Georgia in 2017
22 January 2018
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2017 (the final update) and the first quarter of 2018. Here are the highlights of this month’s release:
Based on November 2017 data, the forecast for GDP growth in the fourth quarter of 2017 remained at 4.6%.
Real GDP growth rate reached 3.7 % y-o-y in November 2017. As a result, estimated real GDP growth for the first eleven months of 2017 was 4.8%.
Annual growth for 2017 is still expected to be 4.8%.
According to the most recent (second vintage) forecast for 2018, the growth rate in the first quarter is predicted to be 3.3%.