ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the third and fourth quarters of 2016. Here are the highlights of this month’s release:
• The growth projections for the 3rd and 4th quarters of 2016 were revised downward by less than 0.1%. They now stand at 3.45% and 4.08% respectively.
• Based on the latest data, we expect annual growth in 2016 to be 3.3%. This is just 0.1% below the recently released annual economic growth projections of the International Monetary Fund (IMF) and 0.2% lower than the annual forecast of the National Bank of Georgia.
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