International School of Economics at Tbilisi State University (ISET – invites applications for participation in its Annual Essay Competition.

ISET Policy Institute continues to update Georgian society about the current macroeconomic developments in the country. The highlights of its Macroeconomic Monthly Review of the Georgian Economy, December 2012 are as follows:

  • According to GeoStat, year on year (y-o-y) economic growth in Georgia has been -0.8% in December and 2.5% in the 4th quarter. ISET Policy Institute’s last growth forecasts for the 4th quarter of 2012 (6.2%) had been quite optimistic compared to GeoStat estimates, potentially pointing to the fact that our model still omits some important exogenous shocks. Based on currently available information ISET Policy Institute’s growth forecast for the 1st quarter of 2013 stands at a moderate 5.4%.

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