Geostat has released its rapid estimate of real GDP growth for January 2024. The estimated growth stands at 5.8%, while the estimated growth of 2023 reached 7.5%.
Georgia is committed to various international agreements on climate change, notably the Paris Agreement and the Association Agreement with the European Union. Recently, in 2021, Georgia announced a new Nationally Determined Contribution, pledging to reduce greenhouse gas emissions by 35% compared to 1990 levels.
As Georgia advances on its path toward European Union (EU) candidacy, the anticipated economic benefits, increased foreign investment, and alignment with European standards present a promising trajectory, worthy of further attention within the following article. The granting of European Union candidate status is a significant political signal, one which represents an initial step towards acknowledging that a candidate country is on the path towards eventual EU membership.
Dr. André de Palma, a distinguished Professor at CY Cergy Paris Université, THEMA, recently presented a seminar at ISET on the “Impact of low emission zones on spatial and economic inequalities using a dynamic transport simulator.” His presentation addressed the critical issue of air pollution – estimated to have caused 311,000 premature deaths in the EU in 2023, with associated costs reaching €224 billion or 1.4% of GDP.
The global economy remains in a volatile state amid the prolonged effects of the combined negative shocks of the pandemic, Russia’s invasion of Ukraine, high inflation, and the tightening monetary policy. Although the global economy remained resilient at the beginning of the year, the situation is expected to worsen.