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Presenting Conceptual Design of Performa…

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Supporting Government of Georgia to Enha…

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Value Chain Analyses of Broccoli, Mandar…

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Options for Railway Infrastructure Devel…

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Options for Railway Infrastructure Development in Tbilisi

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Georgia as a Transit Hub and its Increas…

25-Jan-2018

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Armenia-Georgia Trade: Getting Close or …

29-Nov-2016

Armenia-Georgia Trade: Getting Close or Distant?

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Hotel Price Index (September, 2018)

15-Oct-2018

Hotel Price Index (September, 2018)

During October 2017 – September 2018 period, in Tbilisi the highest average prices of a room in a 3* and 4* hotels were recorded in December 2017, r...

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Hotel Price Index (August, 2018)

17-Sep-2018

Hotel Price Index (August, 2018)

In August 2018, the hotel price index increased only by 0.01% compared to July 2018; In August 2018, the daily rates for standard double hotel room...

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Hotel Price Index (July, 2018)

09-Aug-2018

Hotel Price Index (July, 2018)

In July 2018, the hotel price index increased by 2.7% compared to June 2018; In July 2018, the daily rates for standard double hotel rooms increase...

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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