Ruling party head: “almost double” nominal economic growth “correspondingly” increases employment rate, enterprise turnover
Kobakhidze said the statistics on economics were presented not only by the Government but by the World Bank and the International Monetary Fund, as well as other international institutions, and noted the “radical opposition’s” only goal was to spark off “speculations” - “these people do not care about the numbers [real statistics]”, he added. Photo via Georgian Dream press office
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Irakli Kobakhidze, the MP and the head of the ruling Georgian Dream party, on Friday said “Georgia’s having almost double nominal economic upturn” in three years certainly implies a “relevant” growth in everything, including the turnover of enterprises and the employment rate in the country.
In a political debate, after Prime Minister Irakli Garibashvili presented the Government's annual report to the Parliament, Kobakhidze responded to the opposition MPs’ statements, which alleged that the Government's claims about economic growth had been “nonsense”.
Kobakhidze said the statistics on economics were presented not only by the Government but by the World Bank and the International Monetary Fund, as well as other international institutions, and noted the “radical opposition’s” only goal was to spark off “speculations” - “these people do not care about the numbers [real statistics]”, he added.
When the employment rates go up, the poverty rate changes “dramatically”, Kobakhidze emphasised and highlighted the positive trend of decreasing poverty, citing 30 percent of the population had been below the poverty line in 2012, with the figure reduced to 15.6 percent for the time being. It means that “more than half a million people have overcome poverty, but this does not imply the eradication of poverty”, he noted.
The Administration of the Government of Georgia on Monday said the economic data of 2022 had shown the poverty rate in the country was at a “historic low” of 15.6 percent.
Georgian Prime Minister Irakli Garibashvili on Monday claimed the current “period of peace” for the country under his Government and its “correct policy” were to be credited with the “exemplary” domestic economic growth of 7.3 percent between January-April and the international tourism revenue exceeding 100 percent in the first quarter of the year.
Unemployment rate in Georgia decreased by 1.4 percent in the first quarter of 2023 compared to the same quarter of the previous year and equalled 18 percent across the country, data from the National Statistics Office of Georgia shows.
Georgian Prime Minister Irakli Garibashvili on Friday highlighted the “growing trend” in the country’s foreign trade, “record increase” in exports in 2022, and rising trade turnover in his comments for presenting the annual report on the work of the Government at the Parliament.
Irakli Kobakhidze, the head of the ruling Georgian Dream party, on Monday highlighted the Georgian Government’s “principled” stance that the country’s territorial integrity must be restored “only in a peaceful way”.
The Georgian Government must lead the country to peace and its main task is to maintain the rapid development in Georgia, Georgian Prime Minister Irakli Garibashvili told the media on Saturday.