April 2014 GDP Forecast | Georgian economy turns back to high growth rates
11 April 2014

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

The growth forecast for the 1st quarter of 2014 has been revised upward from 5.3% to 7.3%.

The growth forecast for the 2nd quarter of 2014 has been targeted at 7.0%. Meanwhile, Geostat has released an official quarterly growth GDP rate for the last quarter of 2013 and it is quite impressive 7.1%.

From 2014 we started to draw some conclusions about annual growth rate for 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 4.5% at the very least and more likely somewhere around 5.7%.