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Ripple Effects: The Impact of the War in Ukraine on Georgia’s Economy.

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14 Jan 2025

Trade & Macro

CASE Reports

The publication is a comprehensive analysis by the Economic Policy Research Center (EPRC). It investigates the multifaceted effects of the Ukraine war on Georgia’s economic landscape, combining insights from historical developments, current vulnerabilities, and future prospects. Authored by Gigi Ormotsadze and Tedo Evgenidze, the report highlights the country’s integration into global systems, its dependency on external economic factors, and the challenges posed by political and economic shifts.

The document explores key sectors such as trade, energy, and finance, and scrutinizes how inflows of migrants, financial assets, and geopolitical instability have created both opportunities and risks. It underscores the resilience Georgia has demonstrated in its recovery from crises like COVID-19 and the Russian invasion of Ukraine, while noting systemic weaknesses such as high debt levels, governance inefficiencies, and a reliance on external markets. The report closes with targeted policy recommendations aimed at mitigating vulnerabilities and fostering sustainable growth.

Please note: CASE – Center for Social and Economic Research based in Warsaw, Poland is not affiliated with the organisation CASE – Center for Analysis and Strategies in Europe based in Cyprus.

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Ripple Effects: The Impact of the War in Ukraine on Georgia’s Economy.

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Ripple Effects: The Impact of the War in Ukraine on Georgia’s Economy.

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