ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the May 2014 releases of various economic indicators. 

• The growth forecast for the 2nd quarter of 2014 has been revised upward from 7.5% to 7.7%.
• The growth forecast for the 3rd quarter of 2014 has been revised upward from 7.1% to 7.5%.
• Meanwhile, Geostat has released official quarterly growth GDP rate for the first quarter of 2014 and it is quite impressive 7.1% but. (This data is still preliminary and will be revised)
• From 2014 we started to draw some conclusions about annual growth rate for year 2014. The methodology that we use and the scenario description is explained in our February and January publications. Given these developments, we expect the annual growth rate in 2014 to be 6.5% at the very least and more likely somewhere around 6.9%. Download the full report

ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the January 2013 releases of various economic indicators.

• The growth forecast for the 1st quarter of 2014 has been revised downward from 5.6% to 5.3%.
• The growth forecast for the 2nd quarter of 2014 has been targeted at 5.9%. Meanwhile, Geostat has updated GDP annual growth estimate of 2013 from 3.1% to 3.2%.
• From 2014 we started to draw some conclusions about annual growth rate for year 2014. The methodology that we use and the scenario description is explained in our previous publication. Given these developments, we expect the annual growth rate in 2014 to be 3.9% at the very least and more likely somewhere around 5.0%. Download the full report

ISET-PI has updated its forecasts for Georgia’s real GDP growth rates using the April 2014 releases of various economic indicators.

• The growth forecast for the second quarter of 2014 has been revised downward from 7.7% to 7.45%.
• The growth forecast for the third quarter of 2014 has been targeted at 7.1%. Meanwhile, Geostat has released the GDP growth rate for the first quarter of 2014 and its preliminary estimates for April. These are 7.4% and 2.7% respectively. The April growth rate seems to be very low in relation to our forecast, but this low growth figure is most likely due to the relatively high GDP increase in April last year.
• Since the beginning of the year, we have been drawing some conclusions about the annual growth rate for 2014. The methodology that we use and the scenario description is explained in our February and January publications. Given these developments, we expect the annual growth rate in 2014 to be 6.2% at the very least, and it is more likely to be somewhere around 6.6%. Download the full report

ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the March 2014 releases of various economic indicators.
• The growth forecast for the 1st quarter of 2014has been revised slightly upward from 7.3% to 7.4%.
• The growth forecast for the 2nd quarter of 2014 has been targeted at 7.7%.
• From 2014 we started to draw some conclusions about annual growth rate for year 2014. The methodology that we use and the scenario description is explained in our previous publication. Given these developments, we expect the annual growth rate in 2014 to be 5.6% at the very least and more likely somewhere around 6.8%. Download the full report