Finance Minister expects “even greater progress” following World Bank report on unemployment reduction

Georgian Finance Minister Lasha Khutsishvili said the Government expected “even greater progress” through an increase in economic activity. Photo: Ministry of Finance

Agenda.ge, 22 May 2023 - 17:45, Tbilisi,Georgia

Georgian Finance Minister Lasha Khutsishvili on Monday said the Government expected “even greater progress” through an increase in economic activity, following World Bank statistics that showed unemployment in the country hit the lowest point in 20 years in 2022.

The Ministry of Finance cited Khutsishvili as saying the number of employed people had increased by 70,000 “over the recent period”.

The Minister said the current economic policy of the Government and growth in the country had contributed to the reduction in unemployment.

Over the last two years we have had a double-digit economic growth, and this year it is also quite high. Improvement in economic activity essentially affects all economic parameters, including employment”, he said.

“Economic activity will be followed by improvement of indicators such as employment [...] and all other economic parameters”, Khutsishvili added.