NBG on Russian aggression

Vice President of the National Bank of Georgia Merab Kakulia has stated that the Russian aggression has had serious impact on the country’s economy. “It revealed disproportions and made them deeper” thinks Kakulia.

The speed of economic growth has slowed down. Investment has also slowed down or stopped. The country’s economic growth was mostly based on investment inflow and credits.

Kakulia has stated that Georgia faces a GDP deficit of 20% this year. Economic activity has slowed down as well.