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Economic Downturn in Light of the Pandemic and the Post-Election Crisis
Georgia’s economy contracted by annual 6.1% in 2020.
20/03/2021FactCheck NewspaperFactCheck Newspaper -
Ana Natsvlishvili:“The number of socially vulnerable people increased by 100,000 last year… 27,000 jobs were lost before the pandemic.”
Verdict: FactCheck concludes that Ana Natsvlishvili’s statement is MOSTLY TRUE.
15/03/2021Mostly TrueThe application is accurate, but requires additional information and/or definition -
Natia Turnava:The unemployment rate increased as compared to 2019 but it is the lowest in the last decade
Verdict: FactCheck concludes that Natia Turnava’s statement is a MANIPULATION.
15/03/2021Manipulationგანცხადებაში გაჟღერებული ფაქტები/რიცხვები მეტ-ნაკლებად სწორია, თუმცა სრული კონტექსტი განზრახ არის დამახინჯებული-en -
David Songulshvili:: “Georgia belongs to those seven countries of the world which have free trade agreements both with Europe and China.”
Verdict: FactCheck concludes that Davit Songhulashvili’s statement is TRUE.
09/03/2021TrueThe statement is accurate and nothing is missing -
Roman Gotsiridze:“There was a time when the major part of remittances was coming from Russia. Later on, Russia was surpassed by the EU. This January, more money was transferred from Italy as compared to Russia.”
Verdict: FactCheck concludes that Roman Gotsiridze’s statement is TRUE.
08/03/2021TrueThe statement is accurate and nothing is missing -
Irakli Kovzanadze:“Under high dollarisation and import-dependency, the deficit growth leads to higher macroeconomic risks. The loan attraction increased and currently we have a 60.1% debt to GDP ratio with a large portion of foreign loans. When most of the foreign debt is
Verdict: FactCheck concludes that Irakli Kovzanadze’s statement is TRUE.
22/02/2021TrueThe statement is accurate and nothing is missing -
Natia Turnava:
“Fitch’s assessment left Georgia’s credit rating unchanged against the backdrop of many countries in the post-Soviet space, Eastern Europe and our region which had their ratings downgraded.”
Verdict: FactCheck concludes that Natia Turnava’s statement is HALF TRUE.
22/02/2021Half TrueThe statement is partly accurate, but the details are missing or some of the issues are without context -
Natia Turnava:
“According to preliminary forecasts, the economy decreased by 6%. This is a rather gloomy indicator, of course, although this is a part of the world trend.”
Verdict: FactCheck concludes that Natia Turnava’s statement is HALF TRUE.
08/02/2021Half TrueThe statement is partly accurate, but the details are missing or some of the issues are without context -
Koba Gvenetadze:“We had a current account deficit at a historic low in 2019 and we expect the worst in 2020. This very factor created pressure on exchange rate and it was transmitted to inflation”.
Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE.
08/02/2021TrueThe statement is accurate and nothing is missing -
Bidzina Ivanishvili:“We have a lack of professionals in every field. We are poor and ten-times behind Europe. Even if we grow the economy by 5% or 10%, look at how much time that will take.”
Verdict: FactCheck concludes that Bidzina Ivanishvili’s statement is MOSTLY TRUE.
01/02/2021Mostly TrueThe application is accurate, but requires additional information and/or definition -
![“Eighty percent of the debt is denominated in foreign currency which makes the [legally allowed limit of a] 60% threshold even more vulnerable.”](https://factcheck.ge/storage/files/320x180/696df440-40b5-11e9-a3bf-8938dc76beb2.jpg)
Ivane Machavariani:“Eighty percent of the debt is denominated in foreign currency which makes the [legally allowed limit of a] 60% threshold even more vulnerable.”
Verdict: FactCheck concludes that Ivane Machavariani’s statement is TRUE.
25/01/2021TrueThe statement is accurate and nothing is missing -
Roman Gotsiridze:“Foreign remittances in 2020 increased by 9% as compared to the previous year and reached a record high of USD 1.88 billion. This is precisely as much as the foreign direct investments in the same period. This is the country’s gross domestic product for a
Verdict: FactCheck concludes that Roman Gotsiridze’s statement is TRUE.
25/01/2021TrueThe statement is accurate and nothing is missing -
Overview of the Tourism Industry 2020
It is important to consider the tourism industry’s development trend, particularly in the last decade.
22/01/2021FactCheck NewspaperFactCheck Newspaper -
Bidzina Ivanishvili:Bidzina Ivanishvili: “Georgia is one step away from receiving the highest credit rating and only two steps away from receiving an investment rating.”
Verdict: FactCheck concludes that Bidzina Ivanishvili’s statement is MOSTLY TRUE.
18/01/2021Mostly TrueThe application is accurate, but requires additional information and/or definition -
Ivane Machavariani:Ivane Machavariani: “Our economy demonstrated high-level qualitative progress, including important parameters such as the trade balance and the current account deficit which decreased more than twofold.”
Verdict: FactCheck concludes that Ivane Machavariani’s statement is HALF TRUE.
18/01/2021Half TrueThe statement is partly accurate, but the details are missing or some of the issues are without context
Economy
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“Recent economic growth constitutes 9.7%...
Mostly TrueThe application is accurate, but requires additional information and/or definition -
“Georgia is becoming increasingly attrac...
FalseThe statement is inaccurate -
“The economy grew by 9.5% with export an...
Mostly TrueThe application is accurate, but requires additional information and/or definition
