“Gov’t should present a well-thought-out anti-crisis plan to stimulate the economy”

“Gov’t should present a well-thought-out anti-crisis plan to stimulate the economy”

access_time2020-03-23 13:54:53

“The Georgian government should present a well-thought-out anti-crisis plan to stimulate the economy. What has been done in recent weeks is good, but not enough as  these measures can have a temporary effect, ” Tamaz Daushvili, CEO at the Dio company, says.

Daushvili believes to combat the economic fallout of coronavirus, the Georgian government should take an example from the leading countries of the world, and given small resources, a flexible and well-thought-out plan is especially  important to  pull the economy out of crisis.

“The situation is unusual for everyone, and after the coronavirus  epidemic ends, we should expect economic effects. Now it makes no sense to speak about economic growth not only in Georgia, but in the world. So far, the government has taken minor temporary steps, such as tax breaks for the sectors that will suffer the most - tourism and transport,” he explains.


In Tamaz Daushvili’s words, these measures can be positive but they are insignificant compared with  leading countries, such as the USA, Canada, Japan, Germany, France and others.

 “A comprehensive   approach is crucial, including  tax cuts,  payment deferrals, allocation of credit resources, and assistance to the population. developed countries definitely have much more resources than Georgia, but their example can steer us in the right direction. In this case, the losses will be significant, but if Georgia overcomes the crisis, recovery will begin very quickly, ” Director General  of Dio points out.


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