ISET

Giorgi Papava from ISET Policy Institute discusses the state budget project

28 October 2022

On 28 October, Giorgi Papava, lead economist at ISET’s Policy Institute, took part in an event organized by the Institute for the Development of Freedom of Information (IDFI), the main topic of which was the 2023 budget project.

October 2022 | In the eye of the storm: driven by strong external sector, the economy is expected to show a double-digit growth in 2022

17 October 2022

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%.

Quarter 2 2022 | Macro Review: The Georgian economy shows resilience in Q2 2022, despite the global headwinds from the war on Ukraine

03 October 2022

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.

September 2022 | Georgia’s growth forecast soars on positive trade, tourism, and remittances data. War in Ukraine remains prime concern.

28 September 2022

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2022, which now stands at 7.1%.

Quarter 1 2022 | Macro Review: A perilous road ahead: the Georgian economy at the start of Russia’s war on Ukraine

01 July 2022

Russia’s invasion of Ukraine has profoundly affected nearly every aspect of the global economy, from food and energy security to supply chains and financial markets. The World Bank (June 2022) estimates that the 2021 5.5% rebound global growth is therefore expected to drop to 2.9% y/y in 2022.