December 2015 GDP Forecast | Decrease in the trade deficit – a small, but positive impact on the growth forecast
17 December 2015

ISET-PI has updated its forecast of Georgia’s real GDP growth rates using the October 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 new data, the forecast for GDP growth in the fourth quarter now stands at 3.5%.

The annual growth rate for 2015 is still expected to be 2.9%.

According to an early forecast for 2016, the growth rate in the first quarter of next year is predicted to be3.6%