Deflation in Georgian economy
By Messenger Staff
Tuesday, January 29Georgia’s 2013 state budget indicates that the inflation level is decreasing in the country from 6% to 4.5%. It should be noticed that inflation, as well as deflation are both dangerous for the country. However, some analysts think that there is no real threat in this direction so far. They say the reason for the deflation is the decrease of artificially increased prices. Economic analyst Soso Archvadze discussed the reasons of deflation in Georgia with Rezoonansi newspaper, adding that there are tendencies in the country that business is released from the immense pressure it used to have from the former Georgian administration.