Issue 116: The Impact of COVID-19 on the Georgian Economy
Apr, 2020
  • 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.