25
February
2020
A nationally representative sample of around 350 Georgians, interviewed in early January 2020, reveals that the Consumer Confidence Index (CCI) remained nearly the same, deteriorating by 0.4 index points (from -20 in December to -20.4 in January). Yet, as we observed in December 2019, Georgian Consumer Confidence improved by 1.8 index points.
10
February
2020
The aim of the project was the development of multipliers to assess the indirect impact on job creation, investment, and enhanced revenues on the Georgian economy.
10
February
2020
Back in 2005, as there was no mobile coverage, my uncle drove dozens of kilometers to the Jvarboseli village in Tusheti to inform me that I had enrolled in university. Now, in 2020, there is still no mobile signal in most Tusheti villages, including Jvarboseli, however, people can use broadband internet to reach out to the world!
07
February
2020
This year the winter season started later than usual in nearly all Georgian ski resorts (except Goderdzi) due to a lack of snow. Given the heated international discussions on climate change and global warming in recent years, the lack of snow in Georgian ski resorts has raised questions concerning the future economic viability of winter tourism in the country. This is hardly an unexpected development as even the World Tourism Organization recognizes that mountain tourism is especially vulnerable to the impacts of climate change (UNWTO, 2015).
03
February
2020
According to Geostat, the 2019 real GDP growth in Georgia was 5.1% year-over-year (YoY). This figure moderately surpassed NBG’s, ADB’s, EBRD’s, IMF’s and the World Bank’s latest growth projections for 2019, which range from 4.5%-4.7%. However, the real winner in this race was ISET-PI’s annual GDP growth forecast; in May 2019, we predicted a 4.9% annual growth.
