We recently assessed the outcomes of the action “Communicating Europe in Ukraine (CEIU)” and delivered a strategic vision, intended to ensure more effective and sustainable communication of the European Union (EU) in Ukraine.

We are delighted to welcome Mr. Roni Kvatchadze, a professional with 10 years of experience in public and non-governmental sectors, to our team as an Energy, Environment and Finance Management Consultant.  

PMC Research forecasts that budget deficit as a % of GDP will increase from 3.1% to 9.8% in the optimistic scenario, while in the less pessimistic and very pessimistic scenarios it will amount to 11.2% and 14.1%, respec­tively.                                         Recommendations: Planned budget spending should be reprioritized to provide space for COVID-19-related expenditure; Fiscal measures should be targeted to assist the hardest-hit households and firms. The government should ignore lobbying pressure from different sectors and businesses seeking benefit from fiscal policy package; Effective public financial management is key to safeguarding against fiscal risks and enhancing the Government’s capacity to respond to the crisis.

If the optimistic scenario proves true, Georgia’s real economy is expected to shrink by 4.3%. The Georgian economy is expected to decrease by 8% in case of less pessimistic scenario, while in the event of the very pessimistic scenario, the expected fall is 12.9%.  In the optimistic scenario, Georgia’s real GDP growth is expected to drop by 0.43% every week, while the weekly loss is more pronounced for the less pessimistic (-0.47%) and very pessimistic (-0.5%) scenarios respectively. The experiences of some European countries should be taken into account in the process of phased lifting of the restrictive measures.