ISET

March 2016 GDP Forecast | No news is good news for Georgia's economic growth?

21 March 2016

We started forecasting the annual growth rate at the start of 2014 (see our January 2014 and February 2014 publications for a note on methodology). Based on this month’s data, we expect annual growth in 2016 to be 2.0% in the worst-case or “no growth” scenario, and 4.5% in the best-case or “average long-term growth” scenario.

February 2016 GDP Forecast | Georgia’s real GDP growth is likely to hover around 3.3% in 2016

02 March 2016

According to Geostat estimates, Georgia’s annual real GDP growth in 2015 was 2.8%. ISET-PI’s annual GDP growth forecast of 2.9% annual growth (since September 2015) thus turned out to be quite accurate, just 0.1 percentage points above the official estimate.

January 2016 GDP Forecast | Sharp drop in short-term consumer credit lowers growth forecast

26 January 2016

We have recently updated the GDP series (the dependent variable in our model), using the revised GDP growth rates available from Geostat. Based on the November data, the forecast for GDP growth in the fourth quarter of 2015 now stands at 3.4%. This is 0.1 percentage points lower than in the previous vintage of the forecast.

December 2015 GDP Forecast | Decrease in the trade deficit – a small, but positive impact on the growth forecast

17 December 2015

We have recently updated the GDP series (the dependent variable in our model), using the revised GDP growth rates available from Geostat. Based on the new data, the forecast for GDP growth in the fourth quarter now stands at 3.5%.

November 2015 GDP Forecast | Depositors’ inflation hedging puts downward pressure on growth forecast

09 December 2015

Geostat has released its preliminary estimates of GDP growth for the third quarter. The estimated Q3 growth is 2.5%, only 0.1 percentage points below the ISET-PI forecasted value. The forecast for GDP growth in the fourth quarter now stands at 3.6%.