ACT research published the findings from a new survey revealing that more than half of Georgians fear an imminent economic crisis, with 56% saying it has either already begun or will hit within six months.
The report draws a negative picture of personal financial wellbeing, revealing that 36% of respondents say their economic situation has become worse in the past six months. Daily hardships are commonplace, with 47% of citizens struggling to buy basic groceries, while 55% have difficulty affording medicine and medical services.
“The limitation of financial resources critically affects people’s daily, basic needs,” the report declares.
Majority of people put the blame largely on the government, with 44% of respondents saying those in governmental charge are responsible for the country’s worsening living condition. Meanwhile, 29% admit personal responsibility, acknowledging their own role in the crisis.
“Ultimately, it is clear that there is an expectation of economic downturn among the population, which affects their financial plans and spending priorities,” ACT states. “The main focus is placed on essential needs for survival, while relatively non-essential areas, such as travel, leisure, and entertainment, become less of a priority.”
