Government expects further export level reduction

Georgian exports in January 2009 were worth USD 62.1 million, 35.8% less than in January 2008. The Georgian Government forecasts a further 20% decrease in exports in 2009, blaming this on the world financial crisis.

This development will further damage the Georgian economy and make its trade balance extremely negative. This January imports were worth USD 280 million, therefore 4.5 times more than exports. All this negatively reflects on the well-being of the Georgian population.