We forecast real GDP to grow by 9.0% in 2024, by 6.0% in 2025- Galt and Taggart weekly review reads.
"In 2023, real GDP growth was 7.8% y/y, revised upwards from 7.5% y/y based on the annual survey. In addition, Geostat has adjusted 1Q24 and 2Q24 GDP figures, increasing them to 8.7% y/y and 9.7% y/y, respectively, up from 8.4% y/y and 9.6% y/y.
Consequently, the cumulative real GDP growth for 1H24 stands at 9.2%. Considering the rapid estimate of 11.1% y/y for 3Q24, Georgia’s economy grew by 9.9% y/y in 9M24"- the review says.
