14
February
2022
Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2021, and their estimated growth stands at 9.5%, which is 1.4 percentage points below the ISET-PI’s most recent forecast. The annual real GDP growth in 2021 amounted to 10.6%, which is 0.2 percentage points lower than our recent prediction.
07
February
2022
The new year started with a historic high for the Khachapuri Index. The Index continued its upward trend, reaching an average cost of 5.77 GEL in January 2022. This is 1.8% higher than December 2021 (MoM) and 23.7% higher compared to January 2021 (YoY). The highest price increase was observed for eggs (47%) and flour (31%).
17
January
2022
Recently, Geostat revised upward its real GDP growth for the third quarter of 2021 to 9.1% (by 0.1 ppt). The real GDP growth rate amounted to 12% year-on-year for November 2021. Consequently, the estimated real GDP growth for the first eleven months of 2021 was 10.7%.
27
December
2021
We’re keeping to our traditions and have cooked up a New Year Supra Index for our readers once again this year. The Index identifies the average cost of a standard festive supra meal for a family of five to six people over every Georgian region.
20
December
2021
The global economy continues to recover in Q3 2021 following the deep economic crisis caused by the COVID-19 pandemic. The growth accelerated as a result of the easing of virus- containment restrictions in most countries. According to the IMF forecast (October 2021), global GDP will grow 5.9% year over year (y/y), which is a downward adjustment from the previous estimate of 6% (July 2021).
