Current events in Iran are not having a significant direct economic effect on Georgia. However, the global effects of the conflict will also have an impact on the country's economy- Lasha Kavtaradze, an economist at Galt & Taggart, states.
He believes that focusing on Iran is not enough when evaluating current developments
focusing only on Iran current processes cannot be adequately assessed by, as the events impact both the Middle East region and the global economy.
When assessing the consequences of the situation in Iran and the current events in Georgia, we can’t focus on Iran alone. We can see that the situation in countries bordering Iran has already changed. Because the price of oil is often the first economic indicator.
On Friday, at the end of the trading session, the price of oil spiked to $90 per barrel, which essentially means that inflationary processes will accelerate worldwide. This will directly impact the Middle East countries as well as Georgia, It is necessary to look at everything from a global perspective ," Kavtaradze points out.
