According to GeoStat estimates, real GDP grew by 2.6% year over year in February 2016. This growth rate is an improvement over the 0.8% growth observed in the previous months. Still, in order to reach the predicted quarterly 2.9% growth (the ISET-PI forecast for Q1 real growth), the economy would have to have expanded by at least 5.4% in March. While the actual growth for March is likely to be lower than that figure, the increases in the consumer and business confidence indices (CCI, BCI) in the last month can be interpreted as good signs for the economy going forward.

Georgia's education system seems to be broken. It is no longer corrupt, which is good, but it does not deliver the quality that we all want and need. Our teachers are among the lowest paid in Georgia and in the world. Quality is an issue at all levels of education, starting with preschools and ending with graduate and post-graduate education.

On 18 April 2016 ISET hosted Dr. Donghyun Park, a principal economist with the Asian Development Bank (ADB), who presented his team’s research: the Impact of China’s Slowdown on the World Economy. The talk was attended by ISET students and faculty, as well as representatives of Georgia’s leading businesses and business associations.

Georgia’s population is rapidly aging because of low fertility, improvements in the healthcare system, and labor migration. The challenges of living in an older society were discussed in a working group format as part of the “National Dialogue on Georgian Demographic Security Priorities”, April 18-19, which was attended by ISET-PI’s Maka Chitanava and Lasha Labadze. This UNFPA-supported dialog was initiated by the Georgian Parliament’s Healthcare and Social Policy Committee.

On April 15, ISET Policy Institute researcher Lasha Labadze attended a student conference on the topic of “Tourism Development Perspectives in Georgia and World Experience”. Organized by the Research and Planning Department of the Georgian National Tourism Administration, and supported by ISET along with other partners, the event aimed to involve students in improving and solving the issues that the country is facing today in the tourism industry.