In Turkey, there is a hue and cry, but not much sense is spoken. People are angry and on edge due to the sum of the situation of the country. Everyone agrees with the consensus that Turkey is exposed ... more
Russia’s war destroys, damages over 200 factories, large enterprises in Ukraine. Ukraine will also need to restore 12 airports, over 1,000 educational institutions, and almost 300 bridges and ... more
The 3.5% expansion in Russia’s GDP in Q1 is consistent with a small contraction in q/q terms, and this will almost certainly be followed by a steep fall in output in Q2 as the effects of Western ... more
Georgia’s economy expanded by 2.6% y/y in April, according to the national statistics office Geostat. GDP growth was observed in transportation and storage, hotels and restaurants, electricity, ... more
Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more
Georgia's real GDP grew by 10.4% in 2021, according to preliminary data issued by the statistics office Geostat on March 21. Last year, GDP at current prices amounted to GEL60.2bn ($18.7bn), which is ... more
Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more
Ukraine War: Ukraine was still resisting Russia's invasion as of May 2, with parts of the country turned into a slaughterhouse. See the live map here. Since the Russian invasion of Ukraine ... more
Ukraine’s real GDP will shrink by at least a third this year due to the war, according to the National Bank of Ukraine, but in 2022 the domestic economy will gradually recover as most of the ... more
The war with Ukraine has dragged on for over two months by the start of May and instead of the $1bn that a three day war, initially expected, it is now costing an estimated $500mn per day. This is ... more
Ukraine War: Ukraine was still resisting Russia's invasion as of April 7, while the Russians had retreatred from around Kyiv. See the live map here. The media's attention span for the war is ... more
Russia was starting to boom in October. Economic growth was surprisingly strong in the post-coronacrisis bounce back. Inflation was uncomfortably high, but the Central Bank of Russia (CBR) string of ... more
Horrifying images emerged from the massacre in Kyiv’s suburb of Bucha on April 3, where retreating Russian soldiers murdered a reported 350 civilians in cold blood. The streets strewn with bodies ... more
Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more
Georgia's real GDP grew by 10.4% in 2021, according to preliminary data issued by the statistics office Geostat on March 21. Last year, GDP at current prices amounted to GEL60.2bn ($18.7bn), which is ... more
The World Bank in its latest Global Economic Prospects published on January 11 has upgraded its real GDP growth projections for Iran, anticipating estimated GDP gains of 3.1% in 2021, 2.4% in 2022 ... more
Georgia’s economy rose by 9.6% y/y in December 2021 and ended the full year with an outstanding double-digit growth rate of 10.6%, according to preliminary data issued by the statistics office ... more
The outlook for Turkey in 2022 promises increasing tensions that lead ineluctably to bloody violence. No outcomes will be a surprise in a country now ridden by multiple crises. How to name ... more
Russia’s macro indicators end 2021 in good shape as the economy recovered quickly from the double whammy of coronacrisis and an oil price shock. And the stock market was booming until ... more
The World Bank in its latest Global Economic Prospects published on January 11 has upgraded its real GDP growth projections for Iran, anticipating estimated GDP gains of 3.1% in 2021, 2.4% in 2022 ... more