ISET-PI updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2017, and the first quarter of 2018. Here are the highlights of this month’s release:
Geostat updated its preliminary estimate of real GDP growth for the first and second quarters of 2017. The Q1 and Q2 GDP growth estimates were revised upward by 5.3% and 4.9%, respectively (0.2% higher than initial estimates). The third quarter estimates remained unchanged so far.
Real GDP growth rate reached 5.7 % y-o-y for October 2017. As a result, estimated real GDP growth for the first ten months of 2017 was 4.9%.
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2017. Here are the highlights of this month’s release:
Recently, Geostat has released the preliminary estimate of the real GDP growth for the third quarter of 2017. The Q3 growth rate now stands at 4.4%, which is 1.5% below the ISET-PI’s last forecasted value. As a result, the estimated real GDP growth for the first nine months of 2017 amounted to the 4.7%.
ISET-PI’s revised its forecast of real GDP growth for the fourth quarter of 2017 to 4.6%.
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the third quarter of 2017. Here are the highlights of this month’s release:
• Geostat has recently released its rapid estimate of economic growth for the second quarter of 2017, which now stands at 4%. As a result, estimated real GDP growth for the first half of 2017 reached 4.5%.
• The ISET-PI real GDP growth forecast for the third quarter of 2017 was revised downward to 5.3%.
• Based on June data, we expect annual growth in 2017 to be 5.0% in the worst-case or “no growth” scenario, and 5.3% in the best-case or “average long-term growth” scenario.
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the third and fourth quarters of 2017. Here are the highlights of this month’s release:
Recently, Geostat published the preliminary estimate of real GDP growth for the second quarter of 2017, which now stands at 4.7%. This is 0.7 percentage points above the previously estimated average growth rate for Q2. As a result, the real GDP growth for the first half of 2017 reached 4.9%.
The ISET-PI real GDP growth forecast for both the third and the fourth quarter of 2017 has been revised to 5.9%.
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the second and third quarters of 2017. Here are the highlights of this month’s release:
• ISET-PI’s forecast of the real GDP growth for the first two quarters of 2017 remains almost unchanged at 5.8% and 7.0% respectively.
• We started forecasting the annual growth rate at the start of 2014 (see our January 2014 and February 2014 publications for a note on methodology). Based on the January’s data, we expect annual growth in 2017 to be 6.2% in the worst-case or “no growth” scenario, and 6.6% in the best-case or “average long-term growth” scenario. Our “middle-of-the road” scenario (based on the average growth in the last four quarters) predicts a 6.3% real GDP growth in 2017.
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