Geostat has released its GDP growth estimate for the first quarter of 2021. The Q1 growth stands at -4.2%, which is 1.2 percentage points above the recent ISET-PI forecast. ISET-PI’s forecast of real GDP growth for the second quarter of 2021 stands at 12.2% -up from 11% in April. The third-quarter growth forecast currently stands at 3.3%.
Salome Gelashvili recently became a member of a working group under the Agrarian Issues Committee of the Georgian parliament. The composition of the working group, members of which include the Georgian Farmers Association (GFA), REC Caucasus, and ISET representatives amongst others, was approved on 20 May 2021.
On 19 May 2021, ISET Policy Institute in collaboration with World Bank (WB) conducted a technical workshop for a joint policy note on agriculture, land, and water in Georgia.
The International School of Economics at TSU (ISET) and its Policy Institute in Tbilisi, Georgia seek to make an appointment.
Modest increase in confidence – Consumer confidence improved by a slight 0.8 percentage points in April (from -39.0 in March to -38.2 in April). Unlike in several of the previous consecutive months, however, the Present Situation Index and the Expectations Index did not move in tandem: while there are higher hopes for the future, perceptions of the present have deteriorated (see Chart 1).