March 2016 GDP Forecast | No news is good news for Georgia's economic growth?
21 March 2016

ISET-PI has updated its forecast for Georgia’s real GDP growth rate for the first two quarters of 2016. Here are the highlights of this month’s releases:

  • ISET-PI’s forecast for the first two quarters of 2016 has not changed from the previous prediction and stands at 2.9% and 5.0% 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 this month’s data, we expect annual growth in 2016 to be 2.0% in the worst-case or “no growth” scenario, and 4.5% 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 3.3% real GDP increase in 2016.