Distinguished ISET graduate and recent recipient of a Doctorate of Economics from the University of Pennsylvania, Salome Baslandze has recently been awarded a tenure track professorship at the Einaudi Institute for Economics and Finance (EIEF) in Rome, Italy. There she will be teaching classes and continuing her research on growth, technological change, firm dynamics, and the dynamics of innovation.

On November 18th, ISET hosted Principle Economist of Asian Development Bank, Dr. Donghyun Park, who gave a presentation on Inequality, Inclusive Growth, and Fiscal Policy in Asia.

The study aims at offering recommendations to improve Asian Development Bank and other development partners; assistance to developing countries in creating conditions to enable inclusive growth through their projects and operations. For that ISET Policy Institute will conduct in-depth analysis on income distribution, labor market, and other aspects of inclusive growth.

In August 2015, domestic production in Georgia increased by 2.3% annually – a figure that is expected to retain stability around this year’s overall trend. Consumer price inflation reached its highest value in two years (5.4%). The August 2015 increase in electricity tariffs and the growing number of tourist arrivals put additional upward pressure on consumer price inflation.

The final growth forecast for the third quarter of 2015 has not changed significantly since last month (declining by only 0.02%) and remains at 2.6%. Similarly, the second growth forecast for the fourth quarter of 2015 is still 3.8%.