28
July
2016
The growth forecast for the 2nd and 3rd quarters of 2016 were revised upward by 0.5%. They now stand at 4.7% and 4.8% respectively. Based on the available data, we expect annual growth in 2016 to be 3.7%. This is our “middle-of-the-road” scenario (based on the average growth in the last four quarters). Annual real GDP growth is predicted to be 2.9% in the worst-case or “no growth” scenario, and 4.4% in the best-case or “average long-term growth” scenario (see our January 2014 and February 2014 publications for a note on methodology).
11
July
2016
In 2014, 22% of Georgia’s working adults reported having worked more than 40 hours per week, i.e. working overtime. This may not sound like a lot, but, as an average figure, it hides a great deal of geographic variation in the incidence of overtime work. Very few people work overtime in places where there are almost no jobs, such as Kakheti or Racha. Conversely, more than 50% work over 8 hours/day in the dynamically developing Tbilisi, and as many as 44% in the adjacent Kvemo Kartli.
11
July
2016
In June 2016, the average cost of cooking one standard Imeretian khachapuri increased to 3.12 GEL, which is 1.5% higher month-on-month (m/m, that is compared to May 2016), but 9.6% higher year-on-year (y/y, compared to June 2015).
04
July
2016
Tamta Maridashvili is an intern at the Education and Social Policy Research Center at the ISET Policy Institute. She is currently taking part in a project of the Asian Development Bank, “Good Jobs for Inclusive Growth in Central and West Asia”. She is actively engaged in the process of gathering information, writing, and assisting the team in other project-related tasks.
04
July
2016
ISET PI researcher Maka Chitanava participated in the “International Summer School on Migration Research”, organized within the framework of two EU-funded projects, “Enhancing Georgia’s Migration Management” (an ENIGMMA project implemented in Georgia by the International Centre for Migration Policy Development), and the “Support for Implementation of the Mobility Partnership with Azerbaijan” project (a MOBILAZE endeavor implemented in Azerbaijan by the ICMPD).
