January 2016 GDP Forecast | Sharp drop in short-term consumer credit lowers growth forecast
26 January 2016

ISET-PI has updated its forecast for Georgia’s real GDP growth rates using the November 2015 releases of various economic indicators.

  • We have recently updated the GDP series (the dependent variable in our model), using the revised GDP growth rates available from Geostat.
  • Based on the November data, the forecast for GDP growth in the fourth quarter of 2015 now stands at 3.4%. This is 0.1 percentage points lower than in the previous vintage of the forecast.
  • Annual growth for 2015 is still expected to be 2.9%.
  • According to the second vintage of the forecast for 2016, the growth rate in the first quarter is predicted to be 3.5%. Once again, this is 0.1 percentage points below our previous prediction.