ISET

January 2015 Macro Review | The Georgian economy, weathering a not-so-perfect storm

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.

January 2015 GDP Forecast | High hopes for robust growth continue despite a difficult November

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%.

December 2014 Macro Review | Despite the slowdown, Georgian economy is a rare bright spot against the backdrop of sputtering growth worldwide

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.

December 2014 GDP Forecast | The Georgian economy looks forward to a robust growth result for 2014

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%.

ISET hosts Azim Sadikov, IMF Resident Representative in Georgia

09 December 2014

On December 5, ISET hosted Azim Sadikov, IMF Resident Representative in Georgia. Mr. Sadikov presented the 2014 October Regional Economic Outlook.