According to Geostat’s rapid estimates of GDP growth, Georgia’s economy continues expanding at a moderately high pace, reaching 4.7% in the first quarter of 2019. Geostat’s Q1 growth figure fell below the National Bank of Georgia’s (NBG) 5% projection for annual growth in 2019. Meanwhile, based on the March data, ISET PI’s annual GDP growth forecast was 4.9%.
Economics plays a pivotal role in the life of any nation (and thereby influence the circumstances of its citizens), and as any ISET graduate will testify, it is hardly the simplest of disciplines. Even someone who has spent years studying the subject will find certain aspects difficult to explain to those with a limited understanding, or even stray into territory which becomes subjective and a matter of opinion.
Our dependence on smartphones can hardly be described as anything other than addictive. We invariably use them to document trips and thus to have the world at our fingertips. Though, these precious little gadgets have a dark history that we, as consumers, unconsciously support. Unfortunately, we will not be able to discuss in detail all the negative impacts within the supply chain of smartphones.
At times math teachers use a legend, “mathematics in the game of chess”, as an introduction to Exponential Functions. The original myth tells of a mathematician in India who invented the game of chess and was subsequently bestowed a vast reward for its creation. The king of India was so impressed by the game that he offered the mathematician to “name your reward!” The inventor responded, “My wish is simple.
Although Georgia has made significant strides on its developmental path over the last decade, and its ambitions to fully join Western bodies such as NATO and the European Union no longer seem a far-fetched dream, there are sectors of society that have not benefited from the full attention and aid given to other areas.