Georgian economic stimulus

RUSSIA / FSU POLITICS - In Brief 27 Apr 2020 by Alex Teddy
On April 24 Georgia announced a stimulus package of USD 1.1 billion. That does not seem much but the country has 4 000 000 people and the average annual wage is about USD 3 000. The economy is anticipated to shrink 4% in 2020.Prime Minister Georgi Gakharia said 10% of the stimulus package will go on welfare.The country received USD 3 billion of emergency funds from international financial bodies.The state of emergency has been prolonged till May 2.2. There is a curfew from 21:00 till 06:00. Non-essential workplaces are closed. Most people are not allowed to drive until 27. The restrictions are due to be eased after that. The measure seem like an overreaction given that only 5 restrictions have died of coronavirus in the country.

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