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.
"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," Reuters reported.
Economists also caution the boom may not last, and are encouraging the Georgian government to use healthy tax revenues to pay down debt and build up foreign currency reserves while they can.
