Kazakhstan: government’s efforts help avoid dramatic economic downturn

President Kassym-Jomart Tokayev commended the Government’s work on preparations for a possible second wave of the coronavirus infection in Kazakhstan. At the session for the preparations for a possible second wave of the coronavirus infection, the Head of State emphasized that Kazakhstan, as many other countries, was going through an unprecedented crisis. President Tokayev noted…

Georgia: economy to contract by 6% in 2020

The Georgian economy is projected to contract by 6% in 2020, while in 2021 economic growth is forecast to reach 4%, says the latest edition of the World Bank’s Economic Update for the region. “In Georgia, the sharp contraction of economic output is showing signs of easing on the back of fiscal support, sustained credit…