GEORGIA'S MACROECONOMIC CHALLENGES AGAINST THE BACKGROUND OF THE WORLD PANDEMIC

The presented paper analyzes the economic situation in Georgia against the background of the world pandemic. The relevant statistical data on the high tax balance and dollarization ratio of Georgia are presented in detail. The article notes that Georgia did not have a good starting economic rate even before the Coronavirus pandemic, which creates a precondition for future problems. The paper focuses on the need for rapid economic reforms. The paper presents conclusions and recommendations on the measures to be taken by the government in the near future. If the recommendations presented by the central government in the near future do not take into account the pandemic in the country, the socio-economic situation will become even more complicated, which will pose a significant threat to political stability as a whole. An analysis of the economic situation in Georgia prior to the spread of the coronavirus clearly demonstrates the need for a rapid, time-bound, national economic policy. This reforms should be provide to get healthy the situation, which caused coronavirus pandemic and develop of the economy from 2021. Georgia has all the necessary resources (intellectual, natural, strategic location) to deal with the negative consequences of the global pandemic and to take effective steps compared to other countries to ensure the stabilization of the economy. Therefore, in order to improve the overall macroeconomic situation of the country, appropriate reforms should be carried out quickly. When carrying out reforms, it should be taking into account that an important impediment to improving the country's economic situation will be the fact that significant problems have accumulated in the modern global world in the following areas, such as: international rating companies, international financial institutions and international lobbying institutions. Despite the effective steps taken to solve the problem, the situation in this direction is entering in deeper crisis, and overall it is hindering the real improvement of the economic situation of countries (especially developing countries). it is necessary that The Government of Georgia take into account the significant problems existing in the above-mentioned international organizations when pursuing national economic policy. Although various international financial institutions, compared to other countries, make positive forecasts about the economic situation in Georgia, it still does not entitle us to calm down.