ISET-PI has updated its Georgian real GDP growth rate forecast for the first and second quarters of 2020. Here are the highlights of this month’s release.
Geostat has released its rapid estimate of real GDP growth for February 2020. The estimated growth stands at 2.2%, while the average real GDP growth for January-February 2019 reached 3.7%.
ISET-PI predicted 4.7% and 5.4% growth for the first and second quarters of 2020 respectively, based on February 2020 data. This data does not yet fully account for the negative impacts of COVID-19 pandemic on the national economy.
ISET-PI has updated its Georgian real GDP growth rate forecast for the first and second quarters of 2020. Here are the highlights of this month’s release:
The annual real GDP growth for 2019 amounted to 5.2%, while the real GDP growth rate reached 5.1% year-on-year for January 2020.
Before taking into consideration the negative consequences of COVID-19 on the real GDP growth forecast, ISET-PI predicted 4.7% and 5.4% growth for the first and second quarters of 2020 respectively, based on data from January 2020.
Consequently, the annual growth in 2020 was expected to be 4.8% in the worst-case scenario, and 5.9% in the best-case or an average long-term growth scenario. Our middle-of-the-road scenario (based on the average growth in the last four quarters) predicted a 5.2% increase in real GDP.
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2019 (the final update) and the first quarter of 2020. Here are the highlights of this month’s release:
Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2019, and their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast.
The real GDP growth rate reached 3.8% year-on-year for December 2019.
Utilizing the latest data, annual real GDP growth in 2019 amounted to 5.2% (the first rapid estimate). By February of 2019 (the very first forecast), our model predicted 4.4% and 5.2% real growth in the “middle-of-the-road” and “best-case” scenarios respectively . Moreover, our annual GDP forecasts of 4.9% (since November) and 5% (in January, very last forecast), were revealed to be quite accurate.
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the first and second quarters of 2020. Here are the highlights of this month’s release:
GeoStat has published its rapid estimate of real GDP growth for the fourth quarter of 2019. Their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The annual real GDP growth for 2019 amounted to 5.2%.
The real GDP growth rate reached 5.1% year-on-year for January 2020.
ISET-PI’s forecast for the first quarter of 2020 now stands at 4.9%—up from 4.3% in January. The second quarter growth forecast currently stands at 5.6%.
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2019 and the first quarter of 2020. The highlights of this month’s release are as follows:
The real GDP growth rate reached 5.7% y/y in October 2019. As a result, the estimated real GDP growth for the first ten months of 2019 was 5.1%.
ISET-PI’s real GDP growth forecast for the fourth quarter of 2019 remains at 4.4%.
Based on October’s data, we expect annual growth in 2019 to be 4.9%.
ISET-PI’s forecast for Q1 2020 GDP growth is 4.2%.
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