From Russia with cash: Georgia booms as Russians flee Putin's war

Business 11:16 05 Nov, 2022
Georgia is on course to become one of the world's fastest-growing economies
From Russia with cash: Georgia booms as Russians flee Putin's war

As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom, Qazet.az reports.

Georgia is on course to become one of the world's fastest-growing economies this year following a dramatic influx of more than 100,000 Russians since Moscow's invasion of Ukraine and Vladimir Putin's mobilisation drive to drum up war recruits.

As much of the globe teeters towards recession, this country of 3.7 million people bordering the Black Sea is expected to record a vigorous 10% growth in economic output for 2022 amid a consumption-led boom, according to international institutions.