The global economy continues to recover in Q3 2021 following the deep economic crisis caused by the COVID-19 pandemic. The growth accelerated as a result of the easing of virus- containment restrictions in most countries. According to the IMF forecast (October 2021), global GDP will grow 5.9% year over year (y/y), which is a downward adjustment from the previous estimate of 6% (July 2021).

On December 16, 2021, at Radisson Blue Iveria Hotel, ISET Policy Institute, Internews Georgia, and the USAID Economic Governance Program held a hybrid event introducing MediaTOR, a platform for supporting fact-based economic journalism. The aim of the project is to increase the role and participatory power of media in the economic reform implementation process in Georgia.

Recently, Geostat released its preliminary estimate of real GDP growth for the first and second quarters of 2021. The Q1 and Q2 growth rates were revised upward to -4.1% (by 0.4 ppt) and downward to 28.9% (by 1 ppt) respectively. The real GDP growth rate amounted to 6.9% year-on-year for October 2021. Consequently, the estimated real GDP growth for the first ten months of 2021 was 10.5%.

ISET Policy Institute team supports the Ministry of Education and Science of Georgia in implementing diversified financial mechanisms in Vocational Education and Training (VET). The project is implemented with the support of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

On 9 December 2021, ISET Policy Institute conducted an online discussion, Remote work in times of COVID: How Georgia adjusted to challenges, in partnership with the International Chamber of Commerce of Georgia (ICC).