In June 2018, FRUIT prices continued their recent declining trend — the m/m change last month ...
Read moreISET-PI has begun publication of a new product – the Budget Execution Monitor (BEM). The goal of the BEM is to forecast revenues and expenditures of the general government of Georgia for the cu...
Read moreISET-PI has updated the forecast for Georgia’s real GDP growth rates using the June 2015 releases of various economic indicators.
• The growth forecast for the third quarter of 2015 was revised significantly downward to low signle digits, and is now targeted at 2.6%
• Given the newly revised Q3 forecast, the annual growth in 2015 is expected to be 2.6% in the worst-case, or “no growth” scenario, and 3% in the best-case, or “average long-term growth” scenario (see our January 2014 and February 2014 publications for a note on methodology).
The significant downward revision of Q3 forecast comes as no surprise after the underwhelming growth results for Q2 were officially released by Geostat.