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Quarter 2 2021, Macro Review | Mixed blessings of recovery: what does Georgia’s best quarter since the pandemic tell us?
11 October 2021

The global economy continues to recover in Q2 2021 following the deep economic crisis caused by the COVID-19 pandemic in 2020. The growth accelerated as a result of the easing of virus-containment restrictions in most countries. IMF (July 2021) estimates that global GDP growth will reach 6% year over year (y/y) in 2021. Though this rebound is uneven – compared to the previous estimates (April 2021), growth projections for emerging markets and developing economies are revised downward.

Survey on the impact of COVID-19 on the ICT sector in Georgia
11 October 2021

The development of the ICT (Information and Communications Technology) service sector is one of the strategic priorities for the Georgian economy. The sector is characterized by the unique potential to contribute to the country’s long-term growth, create positive productivity spillovers into other industries, and, in the longer term, transform the existing industrial structure of Georgia by moving away from primary production and primary exports.

Five Ways Covid-19 Affected the Georgian Labor Market in 2020
27 September 2021

The World Health Organization’s declaration of Covid-19 as a pandemic on March 11, 2020, can be considered a watershed in the recent history of mankind. The pandemic and its concomitant changes, such as switching to remote activities, affected different aspects of one’s life, including individuals’ participation in and behavior on the labor market. Georgia was no exception in this respect. The unprecedented nature of the crisis brought about unprecedented consequences for the country’s already vulnerable labor market.

Lead ISET Policy Institute Economist participates in UNDP panel discussion for municipal development
02 June 2021

We were thrilled to see Salome Gelashvili, head of the ISET-PI Agricultural Policy Research Center (APRC), actively participate in a UNDP Georgia online discussion. During the virtual roundtable (entitled Local Economic Development and Business Friendly Environment for Municipalities), a variety of notable international speakers, particularly utilizing Czech expertise, came together to consider business development, combatting the rural-urban divide, and the effect of COVID-19 on the informal sector.

The “Livability Puzzle” of the Georgian Countryside
24 May 2021

In a recent ISET Economist blog post, Luc Leruth explores the notion of a spatial fracture in Georgia. He wonders whether people will become accustomed to working remotely, with the COVID crisis having given them this fresh opportunity. If so, this could help decrease the strain on Tbilisi infrastructure by slowing down migration to the capital. Will COVID, unexpectedly, convince people to continue working remotely and settle outside Tbilisi in the countryside?

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