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Discussing the Challenges Facing SMEs Se…

29-Nov-2018

Discussing the Challenges Facing SMEs Seeking Access to Finance

On November 29, Giorgi Khishtovani, Director at PMC Research, presented the main findings and recommendations of –research entitled “Leveraging SME Fi...

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Chinese Academy for Fiscal Sciences Set …

13-Nov-2018

Chinese Academy for Fiscal Sciences Set for Cooperation with Tbilisi State University and Academy of the Ministry of Finance of Georgia

On November 6, PMC Research organized a meeting between the Chinese Academy of Fiscal Sciences (CAFS) and Tbilisi State University (TSU), with the aim...

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Hosting Delegation from China to Start C…

08-Nov-2018

Hosting Delegation from China to Start Collaboration

On November 6-7, PMC Research hosted a delegation from China, comprising high-ranking officials from the Chinese Academy for Fiscal Sciences (CAFS). T...

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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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Georgian Economic Climate (Q4, 2018)

19-Nov-2018

Georgian Economic Climate (Q4, 2018)

In the fourth quarter of 2018, Georgian economic climate barely remained satisfactory. In this period, Georgian economistsassessed Georgia’s present e...

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Georgian Economic Climate (Q3, 2018)

04-Sep-2018

Georgian Economic Climate (Q3, 2018)

In the third quarter of 2018, Georgian economists positively assessed Georgia’s Economic Climate Indicator (ECI). The Georgian economy is categorized ...

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Georgian Economic Climate (Q2, 2018)

25-May-2018

Georgian Economic Climate (Q2, 2018)

Georgian Economic Climate is a joint product of PMC Research Center and the ifo Institute for Economic Research. In this bulletin, we discuss Georgia’...

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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