Similar to the year 2022, Georgia stayed on the path of economic recovery from COVID-19 in 2023 as well. According to GeoStat’s preliminary estimates, the real GDP continues to show a relatively high growth rate, measuring at 7.5% y/y in 2023 – which is remarkably higher than the NBG’s real GDP growth expectation of 6% from October 2023.

The global recovery from both the COVID-19 pandemic and Russia's invasion of Ukraine is progressing slowly and unevenly. While there was initial economic resilience earlier in the year, marked by a rebound in reopening and efforts to reduce inflation, it is premature to feel reassured. Economic activity has yet to fully return to pre-pandemic levels, particularly in emerging markets and developing economies, and regional disparities are widening.

The OECD Eurasia Competitiveness Programme is undertaking the "EU4Business: From Policies to Action – Phase 2" project in Eastern Partner (EaP) countries, funded by the European Union. The initiative focuses on enhancing competitiveness and business environment reforms at both country and regional levels.

Digitalization can be defined as the process of change that digital technology causes or influences in all aspects of life. For businesses, it implies digital improvements which alter business models, alongside the way in which products or services are manufactured and delivered.

On May 3, ISET Policy Institute co-hosted a public event organized by World Bank Georgia where representatives of the World Bank and co-authors of the study, Jamele Rigolini and Sarah Call-Black, presented the resilience report "Protecting Human Capital in Times of Shocks and Crises".