POLICY PAPER N2024/09 HARRIS VS. TRUMP: WHAT ARE THE EXPECTED IMPACTS ON

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The contents are the sole responsibility of the authors and can under no circumstance be regarded as reflecting the position of Sweden. [...] According to the International Organization for Migration (IOM), the number of Georgian emigrants residing in the United States has reached approximately 40,000 people.1 This figure highlights the significant presence of Georgian nationals in America, many of whom contribute to Georgia’s economy through remittances and investment ties. [...] However, under the Biden-Harris administration, since 2021, the rate of increase in money transfers to Georgia has accelerated; possibly due to more favorable immigration policies and the rapidly expanding Georgian diaspora, which facilitated easier access for other Georgians to migrate and settle into the country. [...] The sharp increase observed between 2019 and 2020 can largely be attributed to the economic disruptions caused by the COVID- 19 pandemic, which led to a surge in global uncertainty and capital flight to safe-haven assets like the U. [...] In addition, The Economic Times (2024) further highlighted that the rising likelihood of Harris winning the election is negatively impacting stock markets and contributing to a decline in the dollar, which is surprising given the typical uncertainties of an election season.