Issue 6, 2013. December-January

   

WHAT CONDITION OUR CONDITION IS IN

Now, after Georgia initialed the European Union's Association Agreement (AA) and the Deep and Comprehensive Free Trade Agreement (DCFTA), now, more than ever, all eyes are on the Georgian economy. In this environment of speculation -- to paraphrase the great Kenny Rogers -- Investor.ge turned to the specialists to find out what condition the Georgian economy is in.


For a developing country like Georgia, it is no surprise that the economy makes headlines. An increase in foreign direct investment, or a drop in tax revenue, can set the stage for months of hesitation or usher in a period of increased consumer confidence.

What impact could the AA/DCFTA have on the Georgian economy? Will it be enough to develop Georgia's potential to be a great transit hub for Europe and Asia?

How are Georgian consumers and businesses handling the ups and downs of the economy in 2013? What are the prospects for a stronger economy in 2014?

To answer those questions, Investor.ge turned to the experts. Political scientist Cordelia Ponczek looks at the potential impact of the AA/DCFTA on the Georgian economy and its attractiveness to outside investors. Grant Thorton explains business confidence looking forward - and how confidence around the globe could impact Georgia.

Local think tanks - ISET and the Economic Policy Research Center (EPRC) - weigh in with their analysis on the latest economic trends at home, and what they mean for the next year.