22
May
2017
ISET-PI’s forecast for the second quarter of 2017 was revised upward from 4.4% to 5.9%. Meanwhile, Geostat has updated its GDP growth estimate for the first quarter of 2017. The Q1 growth rate stands at 5%, which is 1.8 percentage points above the forecast.
20
April
2017
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 February’s data, we expect annual growth in 2017 to be 4% in the worst-case or “no growth” scenario, and 5.1% in the best-case or “average long-term growth” scenario. Our “middle-of-the-road” scenario (based on the average growth in the last four quarters) predicts a 4.3% real GDP growth in 2017.
20
March
2017
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 January’s data, we expect annual growth in 2017 to be 4% in the worst-case or “no growth” scenario, and 5.1% in the best-case or “average long-term growth” scenario.
20
February
2017
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 2017 to be 2.5% in the worst-case or “no growth” scenario, and 3.4% in the best-case or “average long-term growth” scenario.
10
February
2017
According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth was 2.2% year over year (YoY) in 2016. This result fell behind the World Bank’s, IMF’s, and EBRD’s last growth projections of 3.4%. The NBG’s 3.5% growth projection from November also overestimated Georgia’s economic growth in 2016.
