World economic crisis and Georgia

Georgian State officials assure the population that the world economic crisis has not harmed Georgia very much and is evaporating. Minister of Economy Zurab Pololikashvili states that the Government is elaborating economic rehabilitation plans to lead the country into the post-crisis stage. But independent analysts challenge the Government’s reading of the situation. They think that the peak of the crisis has not yet passed and it will hit Georgia later this autumn.

Analyst David Narmania suggests that the crisis will last another year and only then, if the Government conducts a wise policy, will it retreat and stabilisation become possible. He thinks that such a serious crisis does not disappear in a year.