Macro Analysis /

Georgian Economy Sufficient Policy Space to Limit Coronavirus Impact

    Lasha Kavtaradze
    Lasha Kavtaradze

    Head of Macroeconomic Analysis and Forecasting

    Giorgi Iremashvili
    Eva Bochorishvili
    Galt & Taggart
    28 February 2020
    Published byGalt & Taggart
    2020 started with significant uncertainty around the world. Coronavirus has threatened human health and slowed economic activity in China, which also has an impact globally - stock prices are plummeting, currencies are weakening, travel is restricted, etc. Georgia temporarily suspended the movement of visitors from China and Iran to prevent the spread of coronavirus. We hope that virus will not take the form of a global pandemic and economies will revive. However, uncertainty persists and it is difficult to make accurate estimates. With this in mind, we try to identify threats to the Georgian economy and allow for the development of various adverse scenarios.