Giorgi Papava, a leading economist at the ISET research institute, declares that the deterioration of business expectations in the private sector has not yet translated into economic growth.
As of the leading economist of the ISET research institute, achieving 6% economic growth in 2025, which is the official forecast of the GD government, will depend on how much the political situation in the country stabilizes.
“So far, nothing indicates that GD government is thinking of making certain concessions and taking into account the opinion of the people. I mean not only the voice of ordinary people, but also the voice of business, because we see that recently, business has also begun to pay attention to the problems that it has.
The economic growth forecast of the GD government is based on the fact that the political crisis is not reflected in short-term results,” - said Giorgi Papava.
According to him, investments are declining in most of the sectors, FDI decreased by 30% year-on-year last year.
"In February, the registration of new enterprises decreased by 3.9% - a total of 5,954 new enterprises were registered; the turnover of VAT-paying enterprises is not growing as fast as before", - Papava said.
