April 2015 GDP Forecast | Little relief

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11 May 2015

ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the February 2015 releases of various economic indicators but now with an updated forecast model.

The growth forecast for the 1st quarter of 2014 has been revised upward from 0.5% to 2.3%.

The growth forecast for the 2nd quarter of 2014 has also revised upward from 1.6% to 4.3%.

Meanwhile, Geostat has updated the GDP growth estimate for February 2015, it stands at 4.9%.

From the beginning of last year, we started drawing conclusions about the annual growth rate for the ongoing year (see our January 2014 and February 2014 publications for a note on methodology). Based on this month’s data, we expect annual growth in 2015 to be 3.2% in the worst-case or “no growth” scenario, and 4.3% in the best-case or “average long-term growth” scenario.

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