ISET

March 2019 GDP Forecast | Will improved CA balance and planed capital investments outweigh pessimism and lack of credit? We’ll see!

11 March 2019

Based on January’s data, we expect annual growth in 2019 to be 4.4% in the worst-case or “no growth” scenario, and 5.5% in the best-case or “average long-term growth” scenario. Our “middle-of-the-road” scenario (based on average growth over the last four quarters) predicts 4.7% real GDP growth.

January 2018 Macro Review | Georgian economy – a year in review

22 February 2019

ISET-PI’s leading GDP indicator forecast, made at the beginning of the year, was more precise. At the time, we predicted 4.6% annual growth in the worst-case, “no growth” scenario, and 5.6% in the best-case or “average long-term growth” scenario. While our “middle-of-the-road” scenario predicted the exact 4.8% real GDP growth.

February 2019 GDP Forecast | First predictions, middle-of-the-road scenario: Georgia’s real GDP is expected to grow by 4.4% in 2019

11 February 2019

Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2018, and their estimated growth stands at 4.8%, which is 1.1 percentage point above ISET-PI’s most recent forecast.

January 2019 GDP Forecast | Georgia’s overall GDP growth softens at the end of 2018, while exports, remittances, and tourism continue to expand

21 January 2019

Geostat updated its preliminary estimate of real GDP growth for the third quarter of 2018. The Q3 estimate was revised downward to 3.7% (0.3 percentage points lower than the previous estimate). The real GDP growth rate reached only 2.2% year-on-year for November 2018. Consequently, the estimated real GDP for the first eleven months of 2018 was revised downward to 4.7%.

Quarter 3 2018, Macro Review | Q3 growth is considerably weaker than in the 1st half of the year. Domestic retail and business loans show strong growth despite new tougher regulation on credi

24 December 2018

According to Geostat’s figures, in the third quarter (Q3) of 2018, Georgia’s real GDP experienced growth of 4% year over year (YoY). Despite the slowdown of the growth rate compared to the previous quarters, IMF recently revised their forecast of economic growth for Georgia upwardly, from 4.5% to 5.0%. Forecasts for other international organizations and the National Bank of Georgia (NBG) remained the same, while ISET-PI, based on October’s data, expect annual growth in 2018 to be 4.6% YoY.