Association of Georgia (BAG) surveyed the business community regarding their plans for the near future.
As it turned out, 43% of businesses are set
to cut investments compared with 2019. 29%, on the contrary, will increase their volumes.
Still the results of the survey differ significantly
from the results for 2019.
In particular, 59% of
companies planned to increase investments in 2019 but were forced to revise their
plans due to uncertainty and the
economic downturn caused by the pandemic.
Trade, services, industry and construction were hit
more than other sectors of economy.
businessmen said they increased a volume
of investment in trade in 2019 in
comparison with 2018, but in 2020 are set to reduce. Only 23% of trading companies plan to increase their investment.
73% of businesses in the industry increased
investment in 2019; in 2020, only 43% of companies are going to pour more money,
in the service sector their number decreased from 64% to 23%.