11
June
2014
The growth forecast for the third quarter of 2014 has been targeted at 7.1%. Meanwhile, Geostat has released the GDP growth rate for the first quarter of 2014 and its preliminary estimates for April. These are 7.4% and 2.7% respectively. The April growth rate seems to be very low in relation to our forecast, but this low growth figure is most likely due to the relatively high GDP increase in April last year.
11
May
2014
The growth forecast for the 1st quarter of 2014has been revised slightly upward from 7.3% to 7.4%. The growth forecast for the 2nd quarter of 2014 has been targeted at 7.7%.
08
May
2014
After suffering a temporary setback in April 2014, the year-on-year growth rate in May is back to upper single digits (6.3%). However, macro indicators suggest that the economic landscape has hardly changed between April and May.
22
April
2014
On April 8, representatives of the European Bank for Reconstruction and Development (EBRD) presented their Transition Report at ISET. EBRD’s lead economist for Georgia, Bojan Markovic, spoke about the reform progress and economic developments in the year 2013 across the wider transition region, which includes Georgia.
14
April
2014
After a few months of strong GDP growth (November 2013-March 2014) a sharp decline in growth rate to only 2.7% (y-o-y) comes as an unwelcome surprise. According to the national statistics office, the VAT payers’ turnover is down and electricity demand has declined compared to April of last year.
