22
January
2018
Based on November 2017 data, the forecast for GDP growth in the fourth quarter of 2017 remained at 4.6%. Real GDP growth rate reached 3.7 % y-o-y in November 2017. As a result, estimated real GDP growth for the first eleven months of 2017 was 4.8%.
20
December
2017
Geostat updated its preliminary estimate of real GDP growth for the first and second quarters of 2017. The Q1 and Q2 GDP growth estimates were revised upward by 5.3% and 4.9%, respectively (0.2% higher than initial estimates). The third quarter estimates remained unchanged so far.
30
October
2017
At the end of October, food prices maintained an upward trend; ISET’s Retail FPI gained 2.6% m/m (compared to the last week of September). On an annual basis (compared to October 2016), we recorded a significant 11.3% increase in food prices. According to data from the last two weeks of October, the biggest increase in price was recorded for tomatoes (99%), for which the price almost doubled due to seasonality.
02
October
2017
On 26 September, the World Economic Forum published The Global Competitiveness Report 2017–2018. The full report contains detailed profiles and rankings for 137 countries based on 2016 data.
02
October
2017
In the summer of 2017, Georgia experienced an unusually high number of forest fires across the entire country. 35 forest fires were recorded just in August (official data reporting the size of area burned by these fires is not yet available). In almost all regions of the country, several fires were reported. Among them, the conflagration in the Borjomi gorge had the most dramatic consequences: it lasted for seven days (20-27 August), and more than 100 hectares of forest were destroyed. Many people claim that these cannot be all accidental events.
