Systemic lockdowns that have a direct impact on the economy will not be announced in the country. It was stated by the Prime Minister of Georgia at a meeting with large employers held at the Government Administration today.

According to Giorgi Gakharia, strategy of actions will be to strike a balance, which implies precision targeted measures.

“Systemic lockdowns that have a direct impact on the economy will not be announced in the country. Strategy of actions will be to strike a balance, which implies precision targeted measures. Though, on the other hand, our duty is to urge the population of the country to adhere to basic rules. You are the largest employers and you need to help us in compliance everywhere and in every direction.

Lockdown will be followed with a loss of jobs, drop in economic performance and many other consequences.

Both in epidemic and economic terms, we got through the first wave reasonably well. We are having relatively reasonable macroeconomic indicators. Resources available for the economic facilitation in the following year will be quite limited and we should decide together where to target them both in terms of support and development.

Large employers noted at the meeting that they fully share and support the Balancing Strategy proposed by the Government of Georgia for the fight against the COVID-19. In their assessment, this approach will greatly facilitate the maintenance of jobs and further development of businesses.