Monday, November 28, 2022

These economies are booming as Putin’s war drives migrants and money out of Russia

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  • Georgia — a small Caucasus nation on Russia’s southern border — alongside Armenia and Turkey, has seen its economy boom amid an influx of Russians and their wealth.
  • The IMF increased its 2022 growth forecast for Georgia to 10%, while the U.N. agency sees the economies of Armenia and Turkey growing 11% and 5%, respectively.
  • The recent influx risks being a “boom turned bang,” Mikheil Kukava, head of economic and social policy at think tank IDFI, told CNBC.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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