Georgia is likely to lose between 1 billion and 1.2 billion dollars in Economic output due to Russia, Ukraine and Georgia main trading Partners, still engaged in the war head of Finance and Parliament budget Committee said on Friday.
Russia and Ukraine are ours main trading “Irakli Kovzanadze told the TV channel TV Pervili, according to Russia’s TASS news agency.” news an agency. “Russia secondThe fifth or sixth Ukraine place,” he is added.
He said that the Ukrainian crisis reduce Not only exports but also Tourism income and remittances from abroad.
“I think Georgia economy “He will lose 1-1.2 billion dollars,” Kovzanadze said.
although growth Likely to fall short of 6% said there would be no problems State implementation budget.
Georgia’s GDP expanded by 10.6% in 2021 where he recovered from the effects of coronavirus pandemic after 6.2% drop in 2020 according to preliminary data.
The International Monetary Fund estimated Georgia’s gross domestic product at $18 billion in 2021, in we dollar terms.
Russia sent dozens of in thousands of Troops in Ukraine in so called special Operation to undermine its southern neighbor military capacity and root out people She called dangerous nationalists.
The West has imposed an economic sweeper and financial Penalties on Russia in try to force She has to withdraw her troops, but the struggle also set to destroy Ukraine economy.
