30
June
2016
According to Geostat estimates, real GDP grew by 4.3% year over year (YoY) in April 2016. Although the growth rate showed an upward trend from the beginning of the year, the ISET-PI forecast for Q2 and Q3 has remained at 4.2% and 4.3%, the same as in previous predictions. This means that the real growth rate is expected to stabilize at the 4-4.5% level in the next months.
30
June
2016
The UNDP Farmer Knowledge Project was carried out in two phases. Data on Georgian rural households1 was collected by the polling agency Analysis and Consulting Team (ACT) between February and July 2015. 2 This data was analyzed with the purpose of producing policy recommendations by the ISET Policy Institute between November 2015 and July 2016.
20
June
2016
Based on this month’s data, we expect annual growth in 2016 to be 2.7% in the worst-case or “no growth” scenario, and 4.1% in the best-case or “average long-term growth” scenario. Our “middle-of-the-road” scenario (based on the average growth in the last four quarters) predicts a 3.4% real GDP increase in 2016.
30
May
2016
The growth forecast for the 2nd quarter of 2016 was revised downward from 5.0% to 4.2%. Our first prediction of GDP growth for the third quarter is 4.3%. Meanwhile, Geostat has updated its GDP growth estimate for the first quarter of 2016. The Q1 growth rate stands at 2.3%, which is 0.6 percentage points below the forecast.
27
May
2016
On May 25, APRC researcher Ia Katsia attended a working meeting organized by Geostat, the U.S. Department of Agriculture and Food, and the Agriculture Organization. The aim of the meeting was to update the data on recent and pending changes in the Sample Survey of Agricultural Holdings and review the results of the 2014 Agricultural Census 2014.
