ISET-PI’s forecast of real GDP growth for the third quarter (July-September) of 2022 decreased by 0.1 ppt to 16.4% compared to the last month’s prediction. The third estimate for the fourth quarter (October-December) growth forecast remains unchanged at 17.3%.

Following the tentative recovery observed in 2021, global economic conditions worsened significantly in 2022 (IMF, July 2022). Russia’s invasion of Ukraine on 24 February 2022 caused global economic growth estimates to drop for the first time since 2020.

Tamar Sulukhia, the Director of ISET and the ISET Policy Institute, took part in a discussion organized within the RECONOMY program. This online forum focused on the ways the Russian invasion of Ukraine has challenged the EU’s approach towards the future of Eastern Partnership countries, as well as prospects for EU integration.

ISET Policy Institute receives 5 200 000 SEK from Sweden Promoting Georgia’s Green and Inclusive Development through Supporting Evidence-based Policymaking and Capacity Building of policy parties.

On 26 July, a research team from ISET Policy Institute conducted a one-day training course for members of the LC Waikiki financial team and their top regional management.