20
July
2017
We started forecasting the annual growth rate at the start of 2014 (see our January 2014 and February 2014 publications for a note on methodology). Based on January’s data, we expect annual growth in 2017 to be 6.2% in the worst-case or “no growth” scenario, and 6.6% in the best-case or “average long-term growth” scenario. Our “middle-of-the-road” scenario (based on the average growth in the last four quarters) predicts a 6.3% real GDP growth in 2017.
17
July
2017
The cost of cooking one standard Imeretian khachapuri in June 2017 averaged 3.34 Gel, which is about 1.5% higher compared to June 2016 (year-on-year), and 1.5% lower compared to the previous month (May 2017).
03
July
2017
GEO real property market slowed down in APR-17 (-16.2% MoM) and gradually recovered during next 2 months: MAY-17 (+20.8% MoM) and JUN-17 (+6.5% MoM). With a total of 24 673 property sales, GEO market in Q2 2017 grew by 12.7% (YoY).
03
July
2017
The cost of cooking one standard Imeretian khachapuri in June 2017 ranged between 2.64 GEL and 3.52 GEL, with the average price being 3.08. The average price in June 2017 is 1.8% lower compared to the previous month (May 2016), and 1.5% higher year-on-year (compared to June 2016).
30
June
2017
By the end of June, food prices have increased by 8.1% y/y (that is, compared to June 2016) and decreased by 0.6% m/m (that is, compared to May 2017). During the last two weeks of the month, the biggest price increases were for milk (3.2%), cheese (2.4%) and garlic (1.9%). Eggplant, tomatoes and peaches, on the contrary, became cheaper by 26.2%, 24.1% and 17.3%, respectively.
