GDP

Siluanov: Russia's GDP to exseed IMF forecast in 2024

Siluanov: Russia's GDP to exseed IMF forecast in 2024

Russia's GDP in 2024 is expected to grow at the same rate as in 2023, when it expanded by 3.6%, Russia's Finance Minister Anton Siluanov said. "Russia is careful with the budget balance. Public debt remains at …

Georgia's GDP grows 7% last year

Georgia's GDP grows 7% last year

The Georgian GDP grew 8.3% year-on-year in December and by 7% in 2023, the Georgian National Statistics Office said. According to the office, last month’s growth was mainly driven by estimated real growth in construction, …

Georgia to maintain economic growth - official

Georgia to maintain economic growth - official

Georgian Economy Minister Levan Davitashvili said the country would maintain the trend of economic growth this year. "The economic growth will be even higher in the coming years”, the minister said, adding that the latest …

IMF changes growth forecast for Georgian economy

IMF changes growth forecast for Georgian economy

The International Monetary Fund predicts GDP growth in Georgia in 2022 at 10%, which is 1 percentage point higher than the previous forecast. In September, the IMF predicted that the Georgian economy would grow to 9%, and the inflation …

Russia's GDP declines by 0.4% in first half of 2022

Russia's GDP declines by 0.4% in first half of 2022

Russia's GDP in January-June 2022, according to preliminary estimates, decreased by 0.4% in annual terms, according to the Russian State Statistics Service (Rosstat). According to the latest estimate of Rosstat, in the Q2 of 2022, …

PM highlights Georgia’s ranking as 2nd in Global Peace Index

PM highlights Georgia’s ranking as 2nd in Global Peace Index

Georgian Prime Minister Irakli Garibashvili on Monday highlighted the Global Peace Index showed the country ranked second in the world with the ten-year progress in peacefulness, and credited this achievement with the “correct policy” …

Russian GDP declines 3% in April

Russian GDP declines 3% in April

Russian GDP fell an estimated 3.0% year-on-year in April after growing 1.3% in March, 4.1% in February and 5.6% in January, the Economic Development Ministry said in an economic review. The economy grew an estimated 1.7% year-on-year in …

WTO slashes global trade growth forecast

WTO slashes global trade growth forecast

World GDP at market exchange rates is expected to grow by 2.8% in 2022, down 1.3 percentage points from the previous forecast of 4.1%, according to the World Trade Organization (WTO)'s annual trade statistics and outlook report published …

Georgia’s GDP growth rate reaches 10.4% in 2021

Georgia’s GDP growth rate reaches 10.4% in 2021

The nominal gross domestic product (GDP) of Georgia amounted to 60.23 billion GEL ($18.7bln/€16.94bln) in 2021, up by 22.3% year-on-year, while the real growth of GDP also increased by 10.4%, the preliminary data from the National Statistics …

China’s Q1 GDP grows at record pace

China’s Q1 GDP grows at record pace

China's economic recovery quickened sharply in the first quarter to record growth of 18.3% from last year's deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms. …

Moody's - Russia’s GDP to grow by 2.3% in 2021

Moody's - Russia’s GDP to grow by 2.3% in 2021

Russia's real GDP growth will recover to 2.3% in 2021, Moody's Investors Service said in a report published yesterday. "Following the sharp 2020 contraction, we forecast Russia's real GDP growth will recover …

EU GDP declines in Q1

EU GDP declines in Q1

Seasonally adjusted GDP decreased by 3.8% in the euro area and by 3.5% in the EU during the first quarter of 2020, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the …

IMF changes forecast for Russia’s GDP growth in 2019

IMF changes forecast for Russia’s GDP growth in 2019

The International Monetary Fund (IMF) has worsened its Russia’s 2019 growth forecast by 0.1 percentage point to 1.1% following a revision of the average annual oil price forecast, the IMF said in its World Economic Outlook. …

Russia's 2018 GDP growth above target

Russia's 2018 GDP growth above target

The Russian economy grew by 2.3% last year, beating official forecasts, but the expansion did not support private sector consumption, according to preliminary data from the Rosstat statistics service. The economy ministry last month …

OECD changes Russia growth forecast

OECD changes Russia growth forecast

The Organisation for Economic Co-operation and Development (OECD) cut its 2019 forecast for the GDP growth in Russia. The estimate for the 2018 GDP growth in Russia was downgraded from 1.8% to 1.6%, compared to the September report, …