According to Giorgi Khishtovani, Director of the PMC Research Center, the main challenge for the economy is currency fluctuations, which will have a severe impact on both the population and business.
"Depreciation of lari is more critical for the economy than reaching 5% economic growth in 2021, as the growth fixed in the national currency might mean a 0% increase in the USD," Khishtovani told Business Morning.
According to him, achieving the economic growth planned by the government would depend on the duration of the pandemic.
"In 2021, 5% economic growth is quite reliable, as economy recovered rapidly after the first "lockdown". However, it depends on the duration of the pandemic. If this happens so this year, we will most likely have 5% growth, but if it does not, then obviously it will affect the economy in 2021," said the director of the PMC Research Center.
