Carnegie: “Economic Turmoil in the Caucasus”

Georgia, Azerbaijan and Armenia are three post-Soviet countries that are all facing "economic struggles” (and inevitable political consequences) from the depreciation of their national currencies against the US Dollar, but the three countries’ are "now so different”, the situation will manifest itself in "very different ways”, writes Thomas de Waal for Carnegie.

In the Eurasia Outlook section of the website, de Waal explores the similarities and differences between Georgia, Armenia and Azerbaijan, and the unique factors that will see each country react differently to the current economic challenge facing all three countries.

In Georgia, a country with real democratic politics, the lari has lost about 30 percent of its value against the dollar in the last four months. That makes the Georgian Dream government more politically vulnerable, set against a generally disappointing performance on the economy since it took power in 2012. But there is as yet no strong opposition force ready to challenge them.”

Read the full article at: www.carnegie.ru