27
December
2021
We’re keeping to our traditions and have cooked up a New Year Supra Index for our readers once again this year. The Index identifies the average cost of a standard festive supra meal for a family of five to six people over every Georgian region.
27
December
2021
In November 2021, Georgian power plants generated 1186 mln. kWh of electricity (Figure 1). This represents a 37% increase in total generation, compared to the previous year (in November 2020, the total generation was 865 mln. kWh). The increase in generation on a yearly basis comes from the increase of 44% and 27% in hydro power, and thermal power generation, respectively.
20
December
2021
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).
16
December
2021
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%.
16
December
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.
