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

Chelsea sale funds to go to Abramovich

Hungary blocks Ukraine’s EU membership bid

Iraq halts Lukoil oil imports after sanctions

Putin receives unofficial congratulations

Turkish Health Minister to donate all his organs

The US imposes new sanctions on North Korea

Zelensky urges US to provide long-range weapons

EU may sanction Georgian officials

The EU may admit new members by 2030

Trump and Xi may meet at G20 and APEC summits

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