ISET

Quarter 3 2022 | Macro Review: A perfect storm of global challenges in 2022 tests the resilience of the Georgian economy

26 December 2022

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.

November 2022 | Annual growth projected to reach the highest value in years, driven by migration, tourism, and trade

14 November 2022

According to Geostat’s updated estimate, the Q3 2022 growth rate stands at 9.7%. As a result, the real GDP growth estimate for the first nine months of 2022 is 10.2%.

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%.