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 its forecasts for Georgia’s real GDP growth rates using the October 2014 releases of various economic indicators.
• Based on the October data, the growth forecast for the last quarter of 2014 was revised upward from 1.1% to 3.6%.
• We have started to forecast the first quarter of 2015, with the initial forecast standing at 3.2%.
• Meanwhile, Geostat’s “rapid estimate” growth forecast for the month of October is 3.5%.
• We started drawing conclusions about the annual growth rate for 2014 at the beginning of the year (see our January and February publications for a note on our methodology). We used the forecasts available for each quarter to predict that Georgia’s GDP growth in 2014 will be 5.3%. This figure is quite close to the official 5% annual growth forecast made by the Georgian government. Download the full report