ISET-PI has updated its real GDP growth forecast for the fourth quarter of 2021 and the first quarter of 2022. Here are the highlights of this month’s release:
Recently, Geostat revised upward its real GDP growth for the third quarter of 2021 to 9.1% (by 0.1 ppt).
The real GDP growth rate amounted to 12% year-on-year for November 2021. Consequently, the estimated real GDP growth for the first eleven months of 2021 was 10.7%.
As a result of the update, the growth forecast for Q4 of 2021 increased by 0.1 ppt to 10.9%. ISET-PI’s second forecast for Q1 of 2022 puts GDP growth at 7.4%.
Based on November’s data, we expect annual growth in 2021 to be 10.8%, which is 0.1 percentage points higher than the previous forecast.
20
November
2025
According to the ISET Policy Institute's latest projections, based on September’s data, Georgia's economy is expected to grow by 6.7% in the fourth quarter of 2025 and 5.2% in the first quarter of 2026. The annual growth in 2025 is expected to be 7.6%.
20
October
2025
According to the ISET Policy Institute's latest projections, based on August’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the fourth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
22
September
2025
According to the ISET Policy Institute's latest projections, based on July’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the fourth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
20
August
2025
According to the ISET Policy Institute's latest projections, based on June’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the forth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
20
July
2025
According to the ISET Policy Institute's latest projections, based on May’s data, Georgia's economy is expected to grow by 8.2% in the second quarter and 6.5% in the third quarter of 2025. The annual growth in 2025 is expected to be 6% in the worst-case scenario and 7.6% in the best-case or an average long-term growth scenario.
