National currency continues to depreciate – experts talk about government responsibility and poor economic policy.
According to them, the depreciated lari rate damages both the population and the business. According to experts in the field of economics, prices for primary products will continue to rise significantly.
“These are significant economic shocks that have a direct bearing on business, society, assets and prices. The responsibility for this will naturally be on the whole political or economic level as we see the depreciation cycle of the GEL,” says economist Rati Abuladze.
Paata Sheshelidze, president of the New Economic School – Georgia, highlights the government”s inaction. Analysts say price hikes will not be an immediate factor, but if such a policy lasts longer, prices will rise significantly.