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ISET constantly strives to support its staff in capacity building and professional development to ensure that our employees are equipped with all the knowledge and skills necessary for effective performance.
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The CCI is getting back on track. The highly anticipated decline observed last month has been reversed. The Consumer Confidence Index has increased from -32.5 in October to -31 in November (by 1.5 index points).
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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).
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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.
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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%.