Economic Press Monitor
June 14, 2019
IN THIS ISSUE:
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| 1. |
IN WHICH SECTORS OF ECONOMY NUMBER OF EMPLOYED DECREASES/INCREASES
Macroeconomics & Budget
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Referring to Sakstat, the magazine reports that employers’ number in Georgia in the 1st quarter made up 619,400, increasing by 2.6% year-on-year. At that, number of employed increased in all sectors, except construction and agriculture, the magazine specifies.
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| 2. |
ISET: AT BEST, GEORGIA’S ECONOMY WILL GROW IN 2019 BY 5.9%
Macroeconomics & Budget
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According to updated forecast of international school of economics at Tbilisi State University (ISET), Georgia’s GDP growth in the 2nd quarter will make up 4.7%, while in the 3rd quarter – 7.4%. However, ISET indicates that the forecast is expected to be decreased.
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BANKING REGULATIONS HAMPER THE ECONOMIC GROWTH
Economic & Politics
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Tbilisi Mayor Kakha Kaladze estimates that banking regulations “hamper economic development”. In particular, these regulations hamper developers, the construction sector, he specifies.
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