The views that our economy has grown due to migration is not correct – Otar Nadaraya

“The views that migration has boosted our economy are not correct, but it has a significant contribution,” TBC Bank Chief Economist Otar Nadaraya said on the air of radio “Commersant”.

“There are many challenges. Events in the Middle East, Georgia is not isolated. In October some positive migration effects were seen when these tragic events began – tourism from Israel down, but spending on food, real estate, etc increased.
An end of the tragic events in Ukraine is a long-awaited scenario, but this scenario will most likely cause migration outflow, at least partially. The views that our economy has grown due to migration is not correct, but it has a significant contribution,” Otar Nadaraya notes.

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