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%.
04
August
2015
ISET-PI analyzed the potential for Georgia to specialize in the production of several types of engineering goods: Insulated wire and cable; Pleasure and sport vessels; Cargo containers; Derricks, cranes, and straddle carriers.
04
August
2015
Oil prices have endured a large and persistent decrease due to increased worldwide production and the weakness of global demand. Prices are soon expected to stabilize around USD 60/barrel. ISET-PI and GET have focused on the improved terms of trade that Georgia could potentially see due to its high share of energy imports compared to its GDP indicators.
