14
August
2015
Given the newly revised Q3 forecast, the annual growth in 2015 is expected to be 2.6% in the worst-case, or “no growth” scenario, and 3% in the best-case, or “average long-term growth” scenario (see our January 2014 and February 2014 publications for a note on methodology).
11
August
2015
After relatively high GDP growth in February and March, the Georgian economy slowed down considerably in April. According to Geostat’s rapid estimates, GDP grew by only 0.9% annually in the reporting month. Consequently, in the first four months of 2015 the Georgian economy expanded by 2.6%. ISET’s GDP forecast for the second quarter of 2015 is 5.1%, which seems to be rather overoptimistic given the grim start of the quarter.
07
August
2015
The growth forecast for the second quarter of 2015 was revised slightly downward from 5.1% to 5.0%. The growth forecast for the third quarter of 2015 has been targeted at 5.3%. Meanwhile, Geostat updated its GDP growth estimate for April 2015 to 0.9%.
11
May
2015
The growth forecast for the 1st quarter of 2014 has been revised upward from 0.5% to 2.3%. The growth forecast for the 2nd quarter of 2014 has also revised upward from 1.6% to 4.3%. Meanwhile, Geostat has updated the GDP growth estimate for February 2015, it stands at 4.9%.
08
May
2015
The growth forecast for the 1st quarter of 2014 has been revised downward from 3.6% to 0.5%. The growth forecast for the 2nd quarter of 2014 has been targeted at a low 1.6%. Meanwhile, Geostat has updated the GDP growth estimate for January 2015, and similarly to our forecast, it stands at 0.5%.
