UP

Gakharia: 'we are entering a long-term, deep economic crisis'

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Gakharia: 'we are entering a long-term, deep economic crisis'

Georgian Prime Minister Giorgi Gakharia stated today that 'we are entering a long-lasting, deep economic crisis' and if this economic downturn continues 'we will have to announce another social package at the beginning of the next year'.

Axar.az reports citing foreign media.

Gakharia said that despite the fact that direct flights have resumed with Munich, Paris and Vienna, this is 'a drop in the ocean'.

No one thinks that we will find a way out of the crisis by the end of the year, or even for next year, so we all understand very well that we are entering a long-term, deep economic crisis. The responsibility of the government is first and foremost to help its own citizens and families maintain a socially comparable minimum to which these families are accustomed", said Gakharia.

Gakharia said that the next two years will be difficult for the global economy and of course, for Georgia, as 'one of the most open economies in the region and part of the global economy'.

Date
2020.08.07 / 09:00
Author
Axar.az
See also

Kyrgyzstan launches first national satellite

Russian military losses updated on day 1682

Explosions reported in Russia’s Volgograd overnight - Video

Trump says Ukraine lacked equipment for certain ammunition

US sanctions Iran’s auto and rail sectors

IRGC says six gunmen killed in clash in Iran's southeast

Dual UK-Iranian national arrested over RAF Fairford incident

Trump’s proposals include difficult decisions for Russia

Saudi-led coalition intercepts 2 ballistic missiles, 4 drones

Trump leaves door open to US military base in Venezuela

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla