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ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2016 (the final update) and the first quarter of 2017. Here are the highlights of this month’s release:
• Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2016. The estimated growth stands at 1.2%, which is 1.7% lower than the value forecasted in the last update of our model.
• Given the latest data, Georgian real GDP growth in 2016 is estimated as having been 2.2% (0.5 percentage points lower than projected by our model).
• ISET-PI’s forecast for the first quarter of 2017 puts GDP growth at 3.5%.
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ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2016 and the first quarter of 2017. Here are the highlights of this month’s release:
• Geostat has updated its GDP growth estimate for the third quarter of 2016. The Q3 growth rate stands at 2.2%, which was 1.3% below the ISET PI’s forecasted value.
• As a result of the update, the growth forecast for Q4 of 2016 was revised downward to 2.9% from the 4.1% projected in October.
• ISET-PI’s first forecast for Q1 of 2017 puts GDP growth at 3.5%.
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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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