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