November 2015 GDP Forecast | Depositors’ inflation hedging puts downward pressure on growth forecast
09 December 2015

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

Geostat has released its preliminary estimates of GDP growth for the third quarter. The estimated Q3 growth is 2.5%, only 0.1 percentage points below the ISET-PI forecasted value.

The forecast for GDP growth in the fourth quarter now stands at 3.6%.

Based on the latest update, the annual growth for 2015 is expected to be 2.9%.

According to an early forecast for 2016, the growth rate in the first quarter of next year is expected to be 2.8%.