Indexes
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The growth forecast for the second quarter of 2015 was revised slightly downward from 5.1% to 5.0%. The growth forecast for the third quarter of 2015 has been targeted at 5.3%. Meanwhile, Geostat updated its GDP growth estimate for April 2015 to 0.9%.
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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%.
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The growth forecast for the 1st quarter of 2014 has been revised downward from 3.6% to 0.5%. The growth forecast for the 2nd quarter of 2014 has been targeted at a low 1.6%. Meanwhile, Geostat has updated the GDP growth estimate for January 2015, and similarly to our forecast, it stands at 0.5%.
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With the release of the December data, the year 2014 is now “officially” over. ISET-PI has updated its forecast for Georgia’s real GDP growth rate for the first quarter of 2015; meanwhile, official rapid estimates of both fourth quarter and annual growth rates for 2014 became available from Geostat.
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Based on the November data, the growth forecast for the last quarter of 2014 was revised upward from 3.6% to 3.9%. The second forecast for the first quarter of 2015 increased from the initial 3.2% to 3.7%.