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Working with Georgian Municipalities to …

29-Mar-2018

Working with Georgian Municipalities to Enhance Good Governance

We are collaborating with the municipalities of Georgia to strengthen their levels of good governance and sustainable development by building their ca...

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Research into Railway Infrastructure in …

26-Feb-2018

Research into Railway Infrastructure in Tbilisi Presented and Discussed

On February 22, we hosted a presentation and public discussion of research outcomes regarding railway infrastructure in Tbilisi.

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Georgia as a Transit Hub and its Increas…

25-Jan-2018

Georgia as a Transit Hub and its Increasing Potential in the Implementation of the Belt and Road Initiative

On January 25, at 10:30 am, PMC Research hosted a presentation and public discussion of the research findings “Georgia as a Transit Hub and its Increa...

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Options for Railway Infrastructure Devel…

06-Mar-2018

Options for Railway Infrastructure Development in Tbilisi

This study compares the following four alternatives: keeping the status quo (Option 1); the 2009 Tbilisi Railway Bypass Project (Option 2); a city tun...

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Georgia as a Transit Hub and its Increas…

25-Jan-2018

Georgia as a Transit Hub and its Increasing Potential in the Implementation of the Belt and Road Initiative

This paper has identified a clear interconnection between the BRI and Georgia’s economic development strategy in terms of infrastructure development a...

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Armenia-Georgia Trade: Getting Close or …

29-Nov-2016

Armenia-Georgia Trade: Getting Close or Distant?

Armenia’s decision to join the Eurasian Economic Union (EEU) exempted traders from union member countries from paying value added tax (VAT) and excise...

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Issue 101: Georgia in International Rank…

05-Mar-2018

Issue 101: Georgia in International Rankings

Positions in international rankings are an important indicator of how a country is performing with regard to its economic, social and political enviro...

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Issue 100: Georgian Economy - Overview, …

16-Jan-2018

Issue 100: Georgian Economy - Overview, 2007-2017

The 100th edition of Economic Outlook and Indicators happily coincides with PMCG’s 10-year anniversary. Through the last decade, Georgia’s economic in...

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Issue 99: Tourism - January-September, 2…

13-Nov-2017

Issue 99: Tourism - January-September, 2017

  In 2017, compared to the corresponding period of 2016: • In the first three quarters, the number of tourists increased by 29%; in the third q...

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04-Dec-2017

Ifo World Economic Survey (Third Quarter of 2017)

IFO


The ifo Institute is one of the leading economic research institutes in Europe, and publishes its World Economic Survey (WES) on a quarterly basis.


The Ifo World Economic Survey is designed to give an accurate picture of the current economic situation and forecasts for important industrial, emerging and developing economies.  


The survey is based on qualitative information, namely the judgments and expectations of experts. Georgia’s economic situation was assessed by asking representatives of the public and private sectors in Georgia on current economic developments.


PMCG is a regional partner of the ifo Institute.


In November 2017, ifo published its World Economic Survey for the third quarter of 2017. In the report, among other countries, Georgia’s current economic situation was assessed and predictions were made.


According to the ifo World Economic Survey (November 2017):

  • The economic climate indicator for Georgia improved compared to the previous quarter;
  • Forecasted GDP growth for 2017 compared to the forecast from the previous quarter increased from 4.2% to 4.9%;
  • The expected inflation rate for 2017 is 5.7%, while for 2022 experts anticipate the inflation rate to be 4.9%;
  • Georgian experts expect short-term interest rates to rise and the Georgian Lari to depreciate in the next six months;
  • Georgian experts expect an increase in both import and export volumes for the next six months and the trade balance is anticipated to improve.


For the full ifo World Economic Survey report use the following link: https://www.cesifo-group.de/DocDL/WES_4_17.pdf