02
February
2015
The aim of the project was developing a medium-term debt management strategy (MTDS) and looking into institutional arrangements, debt monitoring and forecasting practices, analytical capacity in external and domestic borrowing, preliminary fiscal transparency evaluation, and improve communication with domestic stakeholders in cooperation with the Ministry of Finance's Public Debt and External Financing Department (PDEFD) and with other relevant stakeholders.
16
January
2015
According to Geostat’s rapid growth estimates, Georgia’s real GDP declined by 0.5% in November 2014 (Chart 1). Despite this, growth in the first eleven months of 2014 was a robust 5%, which is certainly a much better result than most countries in the region could boast. The ISET fourth-quarter GDP forecast predicts 3.9% growth in the last three months of 2014.
08
January
2015
Based on the November data, the growth forecast for the last quarter of 2014 was revised upward from 3.6% to 3.9%. The second forecast for the first quarter of 2015 increased from the initial 3.2% to 3.7%.
16
December
2014
In October 2014, Georgia’s GDP growth slowed to 3.5% from 4.1% the month before. This slowdown is consistent with ISET-PI’s GDP forecast, according to which the economy is expected to increase by only 3.6% in the fourth quarter. Annual growth, however, is likely to be closer to the 5% mark. Given the sluggish growth dynamics of the global economy in 2014, this is a strong result for Georgia.
11
December
2014
Based on the October data, the growth forecast for the last quarter of 2014 was revised upward from 1.1% to 3.6%. We have started to forecast the first quarter of 2015, with the initial forecast standing at 3.2%. Meanwhile, Geostat’s “rapid estimate” growth forecast for the month of October is 3.5%.
