Abstract
The geopolitical realities that emerged as a result of the Russian-Ukrainian war, along with economic and political risks, opened up new opportunities for the three South Caucasian countries. The continuous influx of IT companies and tourists to these countries nullified the forecasts for the beginning of the year by various international structures, that aroused negative sentiments in the countries of the region. The paper examines the economic development of the countries of the region under the conditions of the Russian-Ukrainian war, considers the updated expectations of economic growth at the end of the year and how “sustainable” they are for these countries.
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