ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the second quarter of 2019. Here are the highlights of this month’s release:
Geostat has released its GDP growth estimate for the first quarter of 2019. The Q1 growth stands at 4.7% , which is only 0.4 percentage points above the recent ISET-PI forecast.
ISET-PI’s forecast of real GDP growth for the second quarter of 2019 stands at 4.7% - up from 4.6% in April.
Based on March data, we expect annual growth in 2019 to be 4.6% in the worst-case or “no growth” scenario, and 5.6% 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 4.9% real GDP growth in 2019.
According to the recent Monetary Policy Report (May 2019), the National Bank of Georgia’s (NBG) forecast of real GDP growth remained unchanged at 5% in 2019. According to NBG, annual real GDP growth this year will be driven by improved trade balance, and increased consumption and investment spending supported by capital expenditures of the government and a moderate growth of loans.
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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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