
The third quarter of 2022 was marked by a “perfect storm” of global challenges. Due to the ongoing geopolitical, economic, and ecological turbulence, with inflation reaching its highest point in decades, the world economy remains volatile.

On 21 December, ISET Policy Institute hosted an online event entitled “Impacts of the War in

On 16 December 2022, ISET Policy Institute introduced the “Caucasus and Central Asia Regional Economic Outlook” presentation, led by Selim Cakir, the International Monetary Fund’s (IMF) Resident Representative for Georgia. Mr. Cakir discussed the key challenges affecting the economy throughout the region.

Geostat has updated its estimates for the first three quarters of 2022, Q1 2022 growth rate now stands at 15%, while the annual growth rates for Q2 and Q3 slightly increased to 7.2% and 9.8%, respectively. The real GDP growth estimate for the first eleven months of 2022 is 10%.

On 21 November, Davit Keshelava, deputy practice lead of ISET Policy Institute’s Macroeconomic Policy Research Center (MPRC), took part in a Georgian-Austrian Business Forum that was organized by Advantage Austria Tbilisi (while acting as part of the Trade Mission in Georgia and Azerbaijan).