Geostat has published its preliminary estimate of real GDP growth for November 2024, which stands at 7.5%. 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 November 2024 reached 9.4%.

While listening to Wade Davis, who has been often described as “a rare combination of scientist, scholar, poet and passionate defender of all of life’s diversity,” the subject of biosphere reserves came to my mind. This was partly because earlier this year I conducted a series of trainings on this issue with local municipality representatives in the Kakheti region, and partly because, as an economist, I see how valuable biosphere reserves can be to preserve cultural (and of course bio!) diversity.

In the first half of November, ISET’s Retail Food Price Index increased by 9.2% y/y (compared to November 2016). On a monthly basis (compared to October 2017), retail food prices slightly increased, by 1.2%. The largest bi-weekly price changes were recorded for fruits and vegetables.