May 2014 GDP Forecast | High growth rates are maintained
11 May 2014

ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the March 2014 releases of various economic indicators.

The growth forecast for the 1st quarter of 2014has been revised slightly upward from 7.3% to 7.4%.

The growth forecast for the 2nd quarter of 2014 has been targeted at 7.7%.

From 2014 we started to draw some conclusions about the annual growth rate for the year 2014. The methodology that we use and the scenario description is explained in our previous publication. Given these developments, we expect the annual growth rate in 2014 to be 5.6% at the very least and more likely somewhere around 6.8%.