February 2016 GDP Forecast | Georgia’s real GDP growth is likely to hover around 3.3% in 2016
02 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:

  • According to Geostat estimates, Georgia’s annual real GDP growth in 2015 was 2.8%. ISET-PI’s annual GDP growth forecast of 2.9% annual growth (since September 2015) thus turned out to be quite accurate, just 0.1 percentage points above the official estimate.
  • According to Geostat’s newly-released rapid estimates, GDP growth in January 2016 was 0.8% year on year.
  • ISET-PI’s forecast for the first quarter of 2016 now stands at 2.9% – down from 3.5% in January. The second-quarter growth forecast now stands at 5.0%.