05.Mar .2020 17:08

The Government is Considering to Soften Coronavirus Impact on the Economy

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Today, we are considering ways to soften coronavirus impact on the economy, - Giorgi Gakharia, Georgian Prime Minister has declared at the government meeting.

According to him, international financial institutions (IFIs) are already assessing the impact of COVID-19 on the economic growth as being quite significant already and substantial downsizing projections are made on glob Inter-Agency Council continues to work actively towards mitigation of COVID-19.

"We are considering ways to soften its impact on the economy. You may well be aware that international financial institutions (IFIs) are already assessing the impact of COVID-19 on the economic growth as being quite significant already and substantial downsizing projections are made on global economic growth. Of course, it already had a minor impact on the economy of Georgia. It was predominantly felt on sectors that are directly linked with tourism. We understand it well that this problem needs to be tackled by the Government. We will use every tool and leverage in our hands - both monetary and fiscal - towards this end" noted the Prime Minister of Georgia.al economic growth.

Irrespective of the fact that some politically agitated opponents believe that virus selects its targets by political affiliation and causes no danger to blues, yellows or reds only, we all understand it well that society demonstrates a high degree of civil responsibility. It is still a fight that needs to be fought by all of us to minimize its impact on the economy and our citizens" concluded the Prime Minister of Georgia.