This is because economic growth has never been
Posted: Mon Jan 06, 2025 4:23 am
November 2024. "The reason for the slowdown is the processes following the elections. Many businesses, many processes were suspended, they were waiting for the election results. Nothing continued because the elections were conducted poorly, with serious violations, and they have no legitimacy," said Soso Berikashvili. According to the economist, the processes taking place since November 28 are not reflected in the economic growth for November.
According to his forecast, the following months will be critical. In addition, he said, the high economic growth that has existed to date, which began after the Russian war in Ukraine, is not inclusive. "We have had high Switzerland business fax list economic growth for 3 years. If everyone looked around us, probably few people would say that we live better than 3 years ago.
inclusive. Since Georgia is a small economy, if some specific businesses grow, it would already be reflected in the economy. Because we have an unhealthy situation in the country, some people take advantage of their proximity to the government and grow their businesses, build new houses, and this is reflected in overall economic growth," the economist noted.
According to his forecast, the following months will be critical. In addition, he said, the high economic growth that has existed to date, which began after the Russian war in Ukraine, is not inclusive. "We have had high Switzerland business fax list economic growth for 3 years. If everyone looked around us, probably few people would say that we live better than 3 years ago.
inclusive. Since Georgia is a small economy, if some specific businesses grow, it would already be reflected in the economy. Because we have an unhealthy situation in the country, some people take advantage of their proximity to the government and grow their businesses, build new houses, and this is reflected in overall economic growth," the economist noted.