"Stemming from the shock of the pandemic, we faced a sad reality. Maybe a century will pass and the world economy will not face a shock of a similar severity. Added to this is the regional shock, which further aggravates our macroeconomic situation. This means that the country's economy will potentially suffer about a billion dollars. Everyone understands how this negatively affects the economic growth and budget revenues. Of course, achieving 6% economic growth will be very difficult, perhaps even impossible. Tourism will not be able to recover at the pace we expected, and the same rate of exports will not be maintained. Both rates will decrease compared to the baseline scenario," - Giorgi Kakauridze told Business Formula.
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One US dollar trades at GEL 2.7296
13/06/2025