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

Gigi Ormotsadze and Tedo Evgenidze

No 509, CASE Reports from CASE-Center for Social and Economic Research

Abstract: 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.

Keywords: Georgia; economic growth; economic security; energy dependence; foreign trade; financial sector; current account (search for similar items in EconPapers)
JEL-codes: E01 E21 E22 E23 E31 E42 E58 E63 F10 F21 G21 H20 J11 K32 (search for similar items in EconPapers)
Date: 2025-01-14
New Economics Papers: this item is included in nep-cis and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:sec:report:0509

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