Few people would say we live better than we did 3 years ago" - Economist

[liton280]

"The slowdown in economic growth was expected," economist Soso Berikashvili said of the economic growth recorded in November.

According to the National Statistics Office, the economy grew by 7.5% in November 2024.

"The reason for the slowdown is the processes following the Velections. Many businesses, many processes were suspended, they were waiting for the election results. Nothing continued because the elections were conducted poorly, with serious violations, and they have no legitimacy," said Soso Berikashvili.

According to the economist, the processes taking place sinceNovember 28 Australia business fax list are not reflected in the economic growth for November. According to his forecast, the following months will be critical. In addition, he said, the high economic growth that has existed to date, which began after the Russian war in Ukraine, is not inclusive.

"We have had high economic growth for 3 years. If everyone looked around us, probably few people would say that we live better than 3 years ago. This is because economic growth has never been inclusive. Since Georgia is a small economy, if some specific businesses grow, it would already be reflected in the economy. Because we have an unhealthy situation in the country, some people take advantage of their proximity to the government and grow their businesses, build new houses, and this is reflected in overall economic growth," the economist noted.