Economy
Posted:
3 years ago
Vakhtang Butskhrikidze: The Rise of Economy will Start at a Fast Pace
According to TBC Capital, the economic decline will be 4.5% this year.
As the General Director of TBC Bank stated at Business Partner, the crisis will be resolved quickly.
"What we saw in April, a 16% drop in the economy, was predictable. To be honest, we had a more pessimistic forecast, and unlike the 2015-16 experience, as well as the 2008-2009 crisis, the current crisis will be very short-lived. However, in our opinion, as the fall was very fast, the ascent will continue at a fast pace, ”said Vakhtang Butskhrikidze.
According to TBC Capital, in 2021 the economy will return to the level it was in 2019.