17
November
2017
Georgia’s real GDP growth rate in Q3 reached 4.4% year-on-year, putting the country on the path to achieving 4.7% annual growth in 2017. Export, tourism and money transfer trends were behind the strong showing in Quarter 3. Supply side pressures will keep inflation above the 4% target in 2017.
18
October
2017
On the 18th of October, ISET Policy Institute together with its partner organizations: Georgian Farmers’ Association (GFA), Civil Development Agency (CiDA), Export Development Association (EDA), and Association Atinati presented a new project: Food and Agriculture SME Support Initiative (FASSI).
14
September
2017
According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth was 4% year over year (YoY) in Q2 2017, which fell short of the 5.8% that had been expected by the ISET-PI GDP forecast made in July. This shortfall was driven not by weak performance, but overly optimistic predictions of ISET-PI’s empirical model, influenced by high actual growth in the first quarter (5.1% YoY).
21
August
2017
Geostat has recently released its rapid estimate of economic growth for the second quarter of 2017, which now stands at 4%. As a result, estimated real GDP growth for the first half of 2017 reached 4.5%. The ISET-PI real GDP growth forecast for the third quarter of 2017 was revised downward to 5.3%.
03
July
2017
Back in 2014, Georgia and the European Union (EU) signed an Association Agreement, which included the Deep and Comprehensive Free Trade Area (DCFTA) between the EU and Georgia. While this agreement creates new opportunities for Georgia’s agricultural exports, high food safety standards in the EU market make it difficult to fully utilize these opportunities. This is particularly true for products of animal origin, which are subject to strict regulations.
