July 2017 GDP Forecast | High growth rate expectations are maintained
20 July 2017

ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the second and third quarters of 2017. Here are the highlights of this month’s release:

• ISET-PI’s forecast of the real GDP growth for the first two quarters of 2017 remains almost unchanged at 5.8% and 7.0% respectively.

• We started forecasting the annual growth rate at the start of 2014 (see our January 2014 and February 2014 publications for a note on methodology). Based on January’s data, we expect annual growth in 2017 to be 6.2% in the worst-case or “no growth” scenario, and 6.6% in the best-case or “average long-term growth” scenario. Our “middle-of-the-road” scenario (based on the average growth in the last four quarters) predicts a 6.3% real GDP growth in 2017.