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Monthly Macroeconomic Review 2018 November

PBO's Monthly Macroeconomic Review reflects the trends of major macroeconomic variables. The review is based on data from Geostat, National Bank of Georgia and Ministry of Finance.In the reporting period, the major variables dynamics were:According to preliminary estimates, economic growth amounted to 6.7% in October 2018, with average growth of real GDP totaling 5.1% in January-OctoberAnnual inflation reached 1.9% in NovemberIn November, GEL depreciated both against USD (by 1.3%) and EUR (by 0.3%) MoMFor more details about other economic indicators see the complete document. Read More
Annual Macroeconomic Forecasts - December 2018

As per the Budget Code, following the delivery of macroeconomic forecasts and information concerning basic directions of Georgia's ministries by the government of Georgia to the parliament, the Parliamentary Budget Office (PBO) is publishing its independent forecasts.Major dynamics of the forecasted variables are as follows: The real GDP 2019 growth forecast (4.7%) exceeds the government forecast (4.5%) by 0.2 pp and is 0.8 pp lower compared to the PBO forecast of June 2018. PBO assesses that this difference with the previous forecast is mainly caused by two factors: In the 2nd half of 2018 the external economic environment has not improved significantly, while the 2019 economic growth forecasts for Read More
Economic Growth Quarterly Forecast -QIV 2018

According to the Parliamentary Budget Office estimates, real GDP growth in Q4 2018 will reach 5%. GDP growth amounted to 5.3% in Q4 2017. In Q4 2018, expected GDP growth is driven by the absorption component (5.7 pp), while the contribution of net exports is negative (-0.7pp). Read More
Monthly Macroeconomic Review 2018 October

PBO's Monthly Macroeconomic Review reflects the trends of major macroeconomic variables. The review is based on data from Geostat, National Bank of Georgia and Ministry of Finance.In the reporting period, the major variables dynamics were:According to preliminary estimates, economic growth amounted to 5.6% in September 2018, with average growth of real GDP totaling 4.9% in January-SeptemberAnnual inflation reached 2.3% in OctoberIn October, GEL depreciated both against USD (by 1.9%) MoM and EUR (by 0.4%)For more details about other economic indicators see the complete document. Read More

News

News from the Parliamentary Budget Offic…

29-03-2017

News from the Parliamentary Budget Office: In addition to the Annual Macroeconomic Forecasts Parliamentary Budget Office will produce quarterly forecasts for economic growth starting from the 2nd quarter, 2017.

Regional Meeting of the Parliamentary Bu…

13-03-2017

On 11-12 March of 2017, regional workshop for Parliamentary Budget Offices was held with the support of Westminster Foundation for Democracy(WfD) and German Society for International Cooperation(GIZ).

The visit to Great Britain to be accompl…

07-02-2017

The Parliamentary Delegation, holding the meetings in the British Parliament, will accomplish the 3-day visit today. The visit, aimed at enhancement of Parliamentary oversight and exchange of experience, is organized...