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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.

Challenges and Prospects for SMEs, Particularly Women-led Businesses, during and after the COVID-19 Pandemic
27 December 2020

The COVID-19 pandemic and consequent stringent lockdown measures have had a drastic toll on the Georgian economy. The economic downturn has significantly affected the resilience of local Small and Medium Enterprises (SMEs), whose sales decreased by almost 13% (YoY) in the first two quarters of 2020. These negative impacts of the economic contraction have been particularly severe for Women-led Small and Medium Enterprises (WSMEs).

Survey on the Impact of COVID-19 in the ICT Sector
08 June 2020

While COVID-19 pandemic had a negative impact on the current investment expenditure of Georgian ICT companies, investment and hiring is set to increase in the future for most firms in this sector.

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