PM highlights economic growth, “historically low” unemployment at Gov’t meeting
Georgian Prime Minister Irakli Garibashvili on Monday told a Government meeting his team had "done everything” to ensure “peace, stability and high economic growth” in the country. Photo: PM's press office
Tweet 
Share
Georgian Prime Minister Irakli Garibashvili on Monday told a Government meeting his team had "done everything” to ensure “peace, stability and high economic growth” in the country, while pointing to 2022 economic growth numbers and “historically low” levels of poverty and unemployment in the country.
The Government Administration cited Garibashvili as saying 220,000 jobs had been created in Georgia over the past two years, with the PM also noting last year’s 10.1 percent growth, which he said meant double-digit figures had been achieved in the area in both 2022 and 2021.
He called the numbers a "result of the thoughtful, reasonable policy of our Government", while acknowledging the “double-digit” inflation as one of the Government’s “main challenges” but pointing to its global dimension.
Last year there was a period when inflation reached 12 and 13 percent, but this was not only in our country. This is a global challenge, a problem that began during the coronavirus pandemic, then continued after the war in Ukraine”, he said.
Despite this, we managed to stabilise the inflation rate. In particular, the current inflation is already [down to] 9.4 percent, which can be said to give us a reason for optimism, but this is not enough", Garibashvili added.
The Government's task is to reduce inflation "as much as possible" as prices “remain a problem and a challenge that worries the world and our people”, he told his cabinet while also pointing to a recent “stability” of the national currency and the “many large-scale projects” planned for this year.
Georgian Finance Minister Lasha Khutsishvili on Monday said the country’s economy had grown by 10 percent in the first 11 months of 2022, with the rate expected to be maintained in the final figures of the year.
Georgian Prime Minister Irakli Garibashvili and members of the Government's Economic Council met on Saturday to discuss the double-digit economic growth rate achieved over the past two years in Georgia - 10.5 percent in 2021 and 10.1 percent in 2022, as as result of the Government’s “proper policy”, the Government Administration said.
Georgian Economy Minister Levan Davitashvili on Tuesday said the "positive trends" of the country's economic growth from 2022 were expected to be maintained this year due to its multifaceted form over the past 12 months.
Georgian prime minister Irakli Garibashvili on Monday highlighted the country’s “double-digit” economic growth for two consecutive years, stressing the outcome was the result of the “sound economic policy” of his government.
Development of Georgia’s domestic defence industry and social packages for servicemembers were among topics discussed by Prime Minister Irakli Garibashvili and the Defence Minister Juansher Burchuladze on Monday.
The Georgian Government’s constant task is to protect the national interests and needs of the country and its people, Prime Minister Irakli Garibashvili said on Saturday, the Government Administration said.
Georgian Economy Minister Levan Davitashvili on Tuesday said domestic inflation had passed its peak and the country’s authorities had succeeded in stabilising it at 9.4 percent at the end of last year, noting he expected a further reduction of prices on basic consumer products and fuel in figures for this month.
Georgian Prime Minister Irakli Garibashvili on Monday said the Government had ensured a double-digit economic growth in 2021, in contrast to forecasts by “quite competent people” that said the country was headed for a “default” that year.