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Indexes

November 2024 | Economic growth anchored by lending and trade, challenged by currency depreciation
20 November 2024

ISET Policy Institute has updated its real GDP growth forecast for the fourth quarter of 2024 and the first quarter of 2025. Here are the highlights of this month’s release:

GeoStat has published its preliminary estimate of real GDP growth for September 2024, which stands at 8.3%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.4%, 9.6%, and 11.1%, respectively. Consequently, the average real GDP growth from January to September 2024 reached 9.8%.

ISET Policy Institute forecasts Georgia's economy to grow by 8.7% in the fourth quarter of 2024 and 9.4% in the first quarter of 2025. However, given recent trends, the growth projection for the fourth quarter of 2024 is a conservative estimate, and actual growth could surpass expectations.

Based on September data, the annual growth for 2024 is projected to be 8.1%.

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