Abstract:
The economic crisis caused by the Kovid-19 pandemic proved to be the
most severe test for the economies as world, so for individual countries. The
crisis is still going on, but in its depth and severity it is already surpassing the
global financial crisis of 2007-2009 and equating to the “Great Depression”
of the 1930s. The coronomical crisis has significantly hampered the process
of globalization, but there is currently no real threat for deglobalization.
The negative impact of the coronomical crisis on the Georgian
economy was extremely large. In 2020, the country’s gross domestic product
(GDP) decreased by 6.1% compared to the previous year, in January 2021,
the decline in GDP was 11%. The field of tourism, which has been the main
source of foreign currency in Georgia in recent years, has found itself in a
particularly difficult situation.
he anti-crisis activity of Georgia Government can be divided into three
stages. In the first phase, the government implemented sharp limitations on
economic activity across the country, what became a successful response to
the pandemic. In the second stage, the opposite happened - the mitigation
of restrictive measures led to the emergence of a new wave of pandemics,
which quickly spread from the Black Sea resort area throughout Georgia.
Its epicenter was in Tbilisi. The government was forced to carry out again
to severe restrictions. We are currently dealing with the third stage, when
the process of gradual opening of the economy is taking place against
the background of pandemic intensity’s reduction. The final solution to
the problem will depend on the optimal combination of mass vaccination
implementation and the gradual removing the restrictions of economic.
Description:
• Archvadze J. (2020). Saxelmcipo pandemiis pirobebshi sazogadoebrivi aucileblobisa
da moqalaqeta tavisuplebis optimaluri tanafardobs ziebashi. [Government
in Search of the Optimal Relationship between Social Necessity and Freedom of
Citizens in the Context of the Coronavirus Pandemic]. (in Georgian).
• Archvadze J. (2020). Koronavirusis pandemiastan dakavshirebuli globaluri cvlilebebi.
Tb., “Mtsignobari”. [Global Changes Related to the Coronavirus Pandemic].
(in Georgian).
• Papava V. (2020). Coronomic Crisis: When the Economy is a Hostage to Medicine.
Eurasia Review.
• Papava V., Charaia V. (2020). The Coronomic Crisis and Some Challenges fort the
Georgian Economy. Georgian Foundation for Strategic and International Studies,
N136.
• Rodrik D. (2020). Will COVID-19 Remake the World? Project Syndicate
• http://www.project-syndcate.rg/commentary/will-covid-19-remake-the-worldby-
dani-rodrik-2020-04
