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Tag Archives: Economic Growth

Rapid Estimates of Economic Growth in Georgia

The estimated real Gross Domestic Product (GDP) growth rate in June 2018 amounted to 4.0 percent y-o-y. An average estimated real GDP growth equaled 6.0 percent for the Q2 2018 and 5.7 percent for the first half of 2018 y-o-y. In June 2018 the estimated real growth, compared to the …

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Georgia Loses Leading Regional Position in terms of Economic Growth Pace

Armenia’s GDP Grows Twice Faster in 2018. Over the past 3-4 years, especially in 2017, government officials in Georgia frequently reiterate that despite low economic growth Georgia is a regional leader in terms of economic growth paces. Regretfully, the reality is different. According to Geostat, national statistics service of Georgia, …

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Geostat Shares Rapid Estimates of Economic Growth

Geostat Publishes 2016 GDP Growth Final Indicators

The estimated real Gross Domestic Product (GDP) growth rate in May 2018 amounted to 7.5 percent y-o-y. An average estimated real GDP growth equaled 6.1 percent for the first five months of 2018 y-o-y. In May 2018 the estimated real growth, compared to the same period of the previous year, …

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Kvirikashvili’s Effect Lasted Only Two Years

Economic growth under Irakli Gharibashvili’s government was 3.75%; Kvirikashvili raised the rate to 3.9%. Prime Minister of Georgia Giorgi Kvirikashvili has filed a resignation referring to different visions between him and the ruling economic team on economic policy issues. “The ruling team and I have different positions regarding certain subjects, …

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Georgia Loses Leading Positions in terms of Economic Growth

In 2018 Armenia’s GDP Growth is Twice Faster compared to Georgia. Over the past 3-4 years, especially in 2017, government officials frequently reiterate that, despite low economic growth indicators, the country is a regional leader anyway. Regretfully, the reality is different. According to preliminary estimations by Geostat, national statistics service …

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IMF Staff Concludes Visit to Georgia

IMF Georgia

An International Monetary Fund (IMF) team, led by Ms. Mercedes Vera-Martin, visited Tbilisi during February 7-13, 2018 to discuss recent economic and financial developments and progress with structural reforms. At the conclusion of the visit, Ms. Vera-Martin issued the following statement: “Economic developments in 2017 were positive. Growth reached 4.8 …

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NBG Forecast: Economics Growth to Be around 4.5% in 2018

According to the National Bank forecasts, real GDP growth in 2018 will be around 4.5% thanks to positive contribution from net exports, consumption and investments, as a result of currency inflows from abroad, improvement of business moods and capital expenses of the state budget. Despite the mentioned improvement, according to …

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Year of Economic Recovery – Key Economic Events in 2017

Georgian economy

After 2-year low economic growth, in 2017 Georgia’s GDP growth pace exceeded the planned indicator. It should be noted that in 2015-2016, along with currency crisis, economic growth in our country was under 3%. To be precise, GDP upturn in 2015 marked 2.9%, while the figure hit 2.8% in 2016. …

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BGEO: Economic Growth in 2018 will Be About 5%

The BGEO Group supervisory board chairman expects a 5% economic upturn in 2018. Irakli Gilauri told the Bonds&Loans that Georgia has attained a quite impressive economic upturn in January-September amid the regional tendencies. Introduction of the so-called Estonian Model has preconditioned economic growth in Georgia, Gilauri added. “We follow the …

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The IMF Increased Economic Growth Forecast to Georgia

The IMF Increased Economic Growth Forecast to Georgia

The International Monetary Fund (IMF) sees a positive dynamic in Georgian economy. The Fund increased economic growth forecast of Georgia from 3.5% to 4.5%. Growth is in the predictions of 2018, from 4% to 4.2%, – Mercedes Vera-Martin, head of the International Monetary Fund (IMF) mission declared at the briefing held …

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