25
April
2024
Due to a recent update in Geostat's GDP calculation methodology in December, revised growth rates show an upward trend compared to the previous month's figures. Consequently, our forecast for GDP growth has been adjusted upwards to reflect this change.
24
April
2024
As the subject law emerged unexpectedly in the legislative sphere and was processed and approved at
23
April
2024
International wheat prices have emerged as a significant policy concern in recent years, notably during the Covid-19 pandemic and Russia's war in Ukraine, as Russia has been known for periodically halting its grain exports to impact global prices. Georgia heavily depends on wheat imports from Russia, with over 95% of its wheat historically sourced from there.
08
April
2024
Employment and prospective occupations were the subjects of lively debate at the recent economic forum that took place in Davos in January 2024. Globally, the transition of economies to green standards will generate an additional 69 million jobs. In the meanwhile, technological advancements and economic recessions pose a threat to the other 83 million available jobs.
25
March
2024
Geostat has released its rapid estimate of real GDP growth for January 2024. The estimated growth stands at 5.8%, while the estimated growth of 2023 reached 7.5%.
