ISET

According to the most recent statistics, the Georgian economy is showing signs stabilization in the last quarter of 2015. Economic growth increased to 3% year on year in October – about the same as the estimated average real GDP growth rate (2.8%) for the first ten months of 2015.
ISET-PI’s Leading Economic Indicators forecast still predicts 3.6% growth in the fourth quarter (the forecast remained virtually unchanged since last month’s update), and 2.9% annual GDP growth for 2015.
The Georgian economy is thus showing a degree of resilience to regional economic pressures.

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According to recently released statistics, the Georgian economy continued on a stable trajectory of low- single digit growth in September and October. The rapid growth estimates for October show 3% GDP growth, definitely an improvement over the 2.2% growth in September. The estimated average real GDP growth rate in the first ten months of 2015 was 2.8% year on year.

The latest figures point to the strong possibility that Georgia will close out the year with annual real GDP growth above the 2% projected by IMF for 2015

In the third quarter of 2015, estimated real GDP growth reached 2.5% year on year. This was very close to ISET-PI’s third quarter forecast of 2.6%.

At the same time, ISET-PI’s Leading Economic Indicators forecast puts 2015 annual GDP growth at about 3%. Download the full report

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