The country is getting stronger, developing, getting richer and it needs to be maintained. This did not happen by chance, this is the result of our right policy and all this needs to be maintained and strengthened even more, the Prime Minister of Georgia, Irakli Garibashvili, said at the Government session
According to him, the level of unemployment and poverty in the country has reached a historical minimum, and the country's reserves are at a historical maximum.
"High economic growth continues. In January-July, our economic growth is 7.2%. Also, it must be said that we have taken quite effective steps to regulate and reduce inflation and 0.9% is inflation in August, which is certainly a great achievement while it remains a challenge in Europe, America and the whole developed world with high inflation and high prices.
There is very high activity in the business sector. For example, in the second quarter, the turnover of the business sector increased by 15% and amounted to 48 billion GEL, and the total turnover of the entire business sector exceeded 92 billion GEL in two quarters, which is certainly welcome, because it seems that business is following us, there is more confidence, predictability in the country and all this we have to maintain and continue to grow at a higher rate.
As for jobs in the second quarter, the number of jobs in the business sector increased by 42,000 to 737,000, which is certainly welcome. I would also like to point out that the unemployment rate is at a historic low, the poverty rate is at a historic low, and the country's reserves are at a historic high - 5.5 billion dollars are the country's national reserves.
This means, my friends, that the country is getting stronger, developing, getting richer, and it needs to be maintained. This did not happen by chance, it is the result of our right policy and all this needs to be maintained and strengthened even more.
We will control the level of inflation as much as possible. The inflation is 0.9% and it means that the inflation level is kept below the target rate of 3% set by the National Bank. Prices such as: fuel, medicine, food, widely consumed products are reduced and we will check this regularly. I appealed to the competition agency to check once again how conscientiously the margins are set on basic consumer products," said the Prime Minister.
