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

TBILISI -As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom.

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 percent growth in economic output for 2022 amid a consumption-led boom, according to international institutions.

That would see the modest $19 billion economy, well known in the region fo…

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