In the past year and a half since the pandemic began, we’ve all become familiar with phrases such as “supply chain disruption,” “turbulence and volatility in international markets,” and “in these unprecedented times,” often used to preface news about pandemic-related food price increases across the globe.

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.

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.

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.

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.