Indexes
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ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the first and second quarters of 2017. Here are the highlights of this month’s release:
Our “middle-of-the-road” scenario (based on the average growth in the last four quarters) predicts a 2.7% real GDP growth in 2017. However, based on the evidence so far, even the best-case scenario of the GDP forecast is significantly lower than the government’s growth predictions (4% annual growth in 2017).