Mari Chachanidze, Managing Director of TBC Capital, says the impact of Coronavirus on the global economy is likely to continue until summer.
She notes that the situation is changing every hour, and only a few scenarios are justified.
“It is very difficult to make predictions and we can only discuss scenarios. Information is updated every hour. If we go by the most optimistic scenario and take the example of China, which managed to stop the pandemic from spreading in a month and a half, where 80% of the halted production is already restored. We should hope that the rest of the world will be able to stop the pandemic in a similar timeframe. We do not expect any positive changes until summer”, she said.
See all the news
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Reuters: Dutch city tells floating Georgian monastery to cast off
The NBG hiked further as the GEL stays undervalued
World Bank expects slowdown of Georgia's economic growth in Q4 of 2019
Georgia-Estonia Business Forum is Held Today
Nestle Sees $250 Million Boost for Starbucks Products
BM.GE: Giorgi Gakharia has selected a new business ombudsman
Tourist Number Hits a Record within 10Months and Exceeds 8 MLN Despite Putin’s Flight Ban
Galt & Taggart does not rule out slowdown of economic growth to 4% in 2020
Mamuka Khazaradze: finally, I also found out what we were accused of
Salmonella detected in frozen chicken meat imported from Ukraine
Talakvadze about Tskaltubo Development Project: special rules won’t apply to Ivanishvili
m2: we do not have any plans for Center Point at this stage
Georgia Capital to open 6 new hotels in Georgia under the new brand Amber Group
The CEO of m2 Group is changed - Shota Berekashvili replaces Irakli Burdiladze
The 30 Top Emerging Travel Destinations for 2020
"We hold rather comfortable shares on the market " – Does TBC Bank want to Buy Cartu?
Interview with Ahmed Bin Sulayem - Executive Chairman and CEO of DMCC