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Quarter 1 2020, Macro Review | Early signs of pandemic
15 April 2020

In March 2020 as a result of the COVID-19 pandemic, the global economy started to sink into what is expected to be the deepest worldwide recession since World War II. Despite unprecedented policy support, the majority of countries have failed to soften the fallout from the crisis. According to World Bank estimates, global GDP will contract by 5.2% year over year (y/y) in 2020. The United States and Euro Area are projected to shrink by 6.1% and 9.1% respectively, while the Chinese economy is expected to grow at just 1% in 2020.

Feasibility study for the polypropylene production in Georgia
13 April 2020

The possibility of own polypropylene production inside Georgia has been an important topic of governmental policy and strategy discussion during the COVID-19 epidemic. The study looks at both technical and economic feasibility of producing polypropylene in Georgia using several alteranative methods.

How Does Covid-19 Affect the Food Supply Chain in Georgia?
07 April 2020

Images of empty shelves in grocery stores worldwide have emerged amid the COVID-19 pandemic. So far, this has had little to do with an actual shortage of food products but rather has reflected the behavior of panicked consumers who are hoarding food. While some earlier publications perceived no imminent threats from the pandemic to global food security, more recent articles called attention to proper policy responses to reduce the potential negative impacts of COVID-19 on local and global food systems and food security.

Should the World Sacrifice the Economy to Save Lives Today?
06 April 2020

No two countries that both have a McDonald's have ever been at war wrote American political commentator and author Thomas L. Friedman in 1996. Since then, of course, there have been plenty of instances of countries with McDonald’s warring, including Russia and Georgia. Though, one should not take Friedman’s phrase too literally. Rather he implies that the spread of McDonald's is a part of a worldwide phenomenon of countries integrating with the global economy, which, in turn, makes wars less likely.

The Generation-Consumption Gap Keeps Increasing. What Could or Should Be Done About It?
03 April 2020

Looking at the consumption and generation trends of the past year, it is evident that Georgia is an electricity importing country during most months, with consumption almost always exceeding domestic generation. The only exceptions over the last 12 months were May and June, when the generation-consumption gap briefly became positive, reverting to the negative again in July. This is quite a dramatic change from how the country’s generation-consumption gap looked back in 2010 when the country exported almost seven times more electricity (1524.3 GWh) than it imported (222.1 GWh) and thermal power generation was reduced to 682.8 GWh.

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