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.
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.
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.
31
March
2020
The annual real GDP growth for 2019 amounted to 5.2%, while the real GDP growth rate reached 5.1% year-on-year for January 2020. Before taking into consideration the negative consequences of COVID-19 on the real GDP growth forecast, ISET-PI predicted 4.7% and 5.4% growth for the first and second quarters of 2020 respectively, based on data from January 2020.
30
March
2020
A nationally representative sample of around 350 Georgians, interviewed in early February 2020, shows that the Consumer Confidence Index improved by 0.9 index points, from -20.4 in January to -19.5 in February, which could be because consumers usually pull back in January after spending fairly more during the Christmas celebrating season.
