ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the second quarter of 2018. Here are the highlights of this month’s release:
Geostat has released its GDP growth estimate for the first quarter of 2018. The Q1 growth stands at 5.2 percent, which is 1.1 percentage points above the recent ISET-PI forecast.
ISET-PI’s forecast of real GDP growth for the second quarter of 2018 stands at 5.9 percent - up from 5.1 percent in April.
Based on March’s data, we expect annual growth in 2018 to be 5.4 percent in the worst-case or “no growth” scenario, and 6.4 percent in the best-case or “average long-term growth” scenario. Our “middle-of-the road” scenario (based on average growth over the last four quarters) predicts 5.7 percent real GDP growth in 2018.
The National Bank of Georgia has revised its real GDP growth forecast upward to 4.8 percent in 2018, from 4.5 percent in February. The upward revision was explained by positive trends in the external sector and increased government capital spending, which is expected to improve consumption and investment spending, and further contribute to growth.
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May 2021 GDP Forecast | Tourism decline was main driver of 2020 negative growth. Will it drive the recovery in 2021?
ISET-PI has updated its real GDP growth forecast for the second and third quarters of 2021. Here are the highlights of this month’s release: Geostat has released its GDP growth estimate for the first quarter of 2021. The Q1 growth stands at -4.2%, which is 1.2 percentage points above the recent ISET-PI forecast. ISET-PI’s forecast of real GDP growth for the second quarter of 2021 stands at 12.2% -up from 11% in April. The third-quarter… Read More
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March 2021 GDP Forecast | Growth ups and downs projected in the first two quarters point to an uncertain recovery in 2021
ISET-PI has updated its real GDP growth forecast for the first and second quarters of 2021. Here are the highlights of this month’s release: The real GDP growth rate amounted to -11.5% year-on-year for January 2021. As a result of the update, the growth forecast for Q1 of 2021 remained unchanged, at -5.4%. ISET-PI’s second forecast for Q2 of 2021 puts GDP growth at positive 11%. Since Q2 2021 growth rate is relative to the… Read More
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February 2021 GDP Forecast | National, global vaccination efforts, resumption of travel and trade are key to Georgia’s economic recovery in 2021
ISET-PI has updated its real GDP growth forecast for the first quarter of 2021. Here are the highlights of this month’s release: Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2020, and their estimated growth stands at -6.5%, which is 1.3 percentage points below the ISET-PI’s most recent forecast. The annual real GDP growth in 2020 amounted to -6.1%, which is 0.6 percentage point lower than our recent… Read More
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January 2021 GDP Forecast | GDP Growth Projections for 2020 currently at -5.5%, but a Two Month Lockdown Means More Bad News for Growth Are Yet to Come
ISET-PI has updated its real GDP growth forecast for the fourth quarter of 2020 and the first quarter of 2021. Here are the highlights of this month’s release: The real GDP growth rate amounted to -7.7% year-on-year for November 2020. Consequently, the estimated real GDP for the first eleven months of 2020 was -5.9%. Recently, Geostat has released its preliminary estimate of real GDP growth for the third quarter of 2020. The Q3 growth rate… Read More
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December 2020 GDP Forecast | Decline in Global Oil Prices Drives Trade Balance and Inflation Rate Improvements in Georgia
ISET-PI has updated its real GDP growth forecast for the fourth quarter of 2020 and the first quarter of 2021. Here are the highlights of this month’s release: The real GDP growth rate amounted to -3.9% year-on-year for October 2020. Consequently, the estimated real GDP for the first ten months of 2020 was -5.1%. Recently, GeoStat released its preliminary estimate of real GDP growth for the first and second quarters of 2020. The Q1 and… Read More
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