↑ Scroll to top

Is Unemployment on the Increase?

Published: October 14, 2013 | 9:57 am
Text size: -A +A

According to the International Monetary Fund data, unemployment in Georgia will increase by 1.7% this year, and reach the 16.7% mark. Next year, the IMF expects a further increase in unemployment to 17.3%, which would represent the second-worst figure in the CIS area after Armenia. The Finance Minister Nodar Khaduri has categorically disagreed with the IMF’s figures, while the Deputy Chairman of the Trade Unions Gocha Laeksandria confirmed that unemployment has increased, although according to him, the figures are exaggerated. When the global crisis affected Georgia in 2008, the number of unemployed went up by 40 000, which represented a 1% increase. Accordingly, a 1.7% increase would have to mean a loss of 60 000 jobs this year, which is unrealistic, M. Aleksandria has stated.

VN:F [1.9.10_1130]
Rating: 0 (from 0 votes)
Share on Facebook Share on Twitter
More posts in category: Local Business News
  • Lower Transportation Prices Expected through Lazika Port
  • Giorgi Seturidze Accuses Senior Members of Prosecutor’s Office of Bias
  • Is there Stagnation in Real Estate Sector?
  • The Lari Achieves Relative Stability