economy- Page 2

What is driving global supply chain bottlenecks?

September 12, 2022

The FINANCIAL — Bottlenecks in the world economy have been a key reason for high inflation among traded goods. This post explores Bank staff analysis on the key drivers behind these bottlenecks. Bottlenecks in global supply chains have been an important driver of inflationary pressures across the world, increasing prices of tradable goods. These emerged as supply disruptions – for example

Global events threaten financial market stability

British Reporter — Globally-significant events have driven recent financial market volatility and contributed

by British Reporter

July 7, 2022

1 min read

How invasion may hit U.S., global economies

Russia’s invasion of Ukraine has sparked a global political crisis, with a

by British Reporter

February 24, 2022

5 mins read

80% of world economy now aiming for net zero – but not all pledges are equal

British Reporter — More than 80% of global GDP – and 77%

by British Reporter

November 1, 2021

2 mins read

Georgia

Georgia’s GDP declined by 5.3% in August 2020

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the

by The FINANCIAL

September 30, 2020

1 min read

Georgia

Georgia advanced to 8th position in world economic freedom ranking

The FINANCIAL — Georgia’s score and position in the Economic Freedom of the World: 2020 Annual Report is improved to 8,18 points and has been ranked at the 8th position in the top ten countries. Georgia was at the 9th position in

by The FINANCIAL

September 15, 2020

3 mins read

Europe

German industry predicts rise in output

The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still

by The FINANCIAL

September 7, 2020

3 mins read

WORLD

Australia falls into the first recession in nearly 30 years

The FINANCIAL — 2020 is the year Australia technically lost its famous nickname as ‘The Lucky Country’ and fell into recession for the first time in almost three decades. Australia last fell into recession in mid-1990 which ran into late 1991. But the

by The FINANCIAL

September 5, 2020

2 mins read

Markets

Georgian economy contracted by 5.5 % in July 2020

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth in Georgia (July 2020). Estimated real Gross Domestic Product (GDP) declined by 5.5 percent in July 2020 YoY and by 5.8 percent in the first seven months

by The FINANCIAL

August 31, 2020

2 mins read

Georgia

President of Georgia welcomes EU’s €750 billion coronavirus recovery package

The FINANCIAL — From the early days of the pandemic, as the EU took immediate measures to tackle the crisis, it was clear that the recovery would require a joint effort at EU level. EU leaders decided to work towards establishing a recovery

by The FINANCIAL

July 22, 2020

3 mins read

Georgia

Top trading partners of Georgia (January – June 2020)

The FINANCIAL — National Statistics Office of Georgia published preliminary results of External Merchandise Trade of Georgia and The Domestic Exports in January – June 2020. Copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 332.4

by The FINANCIAL

July 20, 2020

2 mins read

Georgia

Natia Turnava opened copper and aluminium wires producing enterprise

The FINANCIAL — Minister of Economy and Sustainable Development of Georgia, Natia Turnava officially opened a new enterprise of copper and aluminium wires in Tbilisi. The enterprise, after developing its full production capacity, will employ over 250 people. Its production capacity per year shall

by The FINANCIAL

July 16, 2020

2 mins read

Georgia

Economy Minister of Georgia met tourism sector

The FINANCIAL — Minister of Economy and Sustainable Development Natia Turnava held a meeting with the representatives of the tourism sector and discussed the problems emerged due to the corona virus pandemic as well as the possible solutions. The representatives of the hotels,

by The FINANCIAL

July 14, 2020

2 mins read

Georgia

External Merchandise Trade of Georgia in January – June 2020

The FINANCIAL — National Statistics Office of Georgia published express data of External Merchandise Trade of Georgia in January – June 2020. The trade deficit of Georgia equaled USD 2 065.4 million and its share in trade turnover constituted 40.7 percent. External Merchandise Trade of

by The FINANCIAL

July 13, 2020

2 mins read