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December 2024 | Georgia’s economic growth powered by trade and credit, amid political challenges
20 December 2024

Geostat has published its preliminary estimate of real GDP growth for October 2024, which stands at 11%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.7%, 9.7%, and 11%, respectively. Consequently, the average real GDP growth from January to October 2024 reached 10%.

November 2024 | Media (de)Polarization Index
02 December 2024

Polarization reached its historical maximum on November 28, 2024, following Georgian Dream’s suspension of EU accession talks, which sparked widespread protests across Tbilisi and other cities, accompanied by government-led violence against protesters. This unprecedented peak in the division came after weeks of escalating tensions, including pre-election demonstrations and the controversial nomination of Mikheil Kavelashvili, a former footballer and co-founder of the Eurosceptic People's Power party, as Georgian Dream's presidential candidate.

November 2024 | Khachapuri Index increased by 2%
28 November 2024

In November 2024, the average cost of preparing a standard portion of Imeretian Khachapuri increased to 6.77 GEL, marking a 2% rise from October 2024 and a 4.8% increase compared to November 2023. This seasonal rise in the Khachapuri Index is primarily driven by higher milk and dairy product prices, resulting from a seasonal decline in fresh milk availability and increased reliance on imported milk powder.

November 2024 | Economic growth anchored by lending and trade, challenged by currency depreciation
20 November 2024

GeoStat has published its preliminary estimate of real GDP growth for September 2024, which stands at 8.3%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.4%, 9.6%, and 11.1%, respectively. Consequently, the average real GDP growth from January to September 2024 reached 9.8%.

October 2024 | CCI deteriorating
10 November 2024

A notable fall in CCI. The decreasing trend has continued after the summer, with the CCI dropping even further in October – from -19.5 in September to -24.9 in October (a 5.4 index point decrease). Both sub-indices contributed to this decline, where the Present Situation Index fell by 6.7 index points and the Expectations Index by 4.2 points.

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