20
December
2017
Geostat updated its preliminary estimate of real GDP growth for the first and second quarters of 2017. The Q1 and Q2 GDP growth estimates were revised upward by 5.3% and 4.9%, respectively (0.2% higher than initial estimates). The third quarter estimates remained unchanged so far.
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.
06
November
2017
Recently, Geostat has released the preliminary estimate of the real GDP growth for the third quarter of 2017. The Q3 growth rate now stands at 4.4%, which is 1.5% below ISET-PI’s last forecasted value. As a result, the estimated real GDP growth for the first nine months of 2017 amounted to 4.7%.
20
September
2017
Recently, Geostat published the preliminary estimate of real GDP growth for the second quarter of 2017, which now stands at 4.7%. This is 0.7 percentage points above the previously estimated average growth rate for Q2. As a result, the real GDP growth for the first half of 2017 reached 4.9%.
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).
