The aim of the project was to revise the Needs Index Coefficients determined by an expert-normative method back in 2004, we will use “previous evaluation”, “previous estimation”, “old method” and other such phrases when referring to this earlier method.
Key findings The Business Confidence Index (BCI) improves and reaches 40.4 index points. The seasonal factor has been driving a positive outlook. Most firms are optimistic about the next three months. The sales price expectations are outstandingly increased for the retail trade sector.
The growth forecast for the 2nd quarter of 2014 has been revised upward from 7.5% to 7.7%. The growth forecast for the 3rd quarter of 2014 has been revised upward from 7.1% to 7.5%.
The growth forecast for the third quarter of 2014 has been targeted at 7.1%. Meanwhile, Geostat has released the GDP growth rate for the first quarter of 2014 and its preliminary estimates for April. These are 7.4% and 2.7% respectively. The April growth rate seems to be very low in relation to our forecast, but this low growth figure is most likely due to the relatively high GDP increase in April last year.
The project aims to revise the Needs Index and upgrade it to better reflect current reality. ISET Policy Institute was contracted by UNICEF to revise the Needs Index and upgrade it to reflect current reality. Ministry of Health, Labour and Social Affairs of Georgia, the Social Service Agency and UNICEF are in the process of refining the social service protection system in Georgia to make it more child sensitive.