{"id":41669,"date":"2024-04-17T15:40:30","date_gmt":"2024-04-17T12:40:30","guid":{"rendered":"https:\/\/f-chain.com\/?p=6583"},"modified":"2024-04-17T15:40:30","modified_gmt":"2024-04-17T12:40:30","slug":"georgia-has-made-notable-gains-in-income-growth-and-poverty-reduction-in-the-past-decade-az","status":"publish","type":"post","link":"https:\/\/az.f-chain.com\/az\/georgia-has-made-notable-gains-in-income-growth-and-poverty-reduction-in-the-past-decade-az\/","title":{"rendered":"Georgia has made notable gains in income growth and poverty reduction in the past decade"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]FCHAIN Georgian Office informs that the World Bank on Thursday published the Macro Poverty Outlook report of Europe and Central Asia, highlighting that Georgia has made notable gains in income growth and poverty reduction in the past decade.<\/p>\n<p>In the report, released twice annually, the Bank stressed a declining trend of poverty and unemployment in the country, in the light of the economy expanded by 7.5 percent in 2023, following two years of double-digit economic growth.<\/p>\n<p>&#8220;As a result of sound macroeconomic management, gross national income per capita increased from $9,580 to $15,880 in 2022. Poverty declined from 70.6 percent in 2010 to an estimated 47.7 percent in 2022\u201d, the Bank added.<\/p>\n<p>The report said \u201cpoverty has been declining in the country, supported by an increase in real wages, social protection measures, and declining food prices\u201d, noting the job market also \u201cexperienced a strong recovery\u201d, with unemployment decreasing from 20.6 percent in 2021 to \u201ca record low\u201d of 16.4 percent in 2023.<\/p>\n<p>The structural challenges, notably weak productivity and limited high-quality job creation were emphasized as the challenges in the country.<\/p>\n<p>In December 2023, Georgia was granted candidate status by the European Union. &#8220;The EU accession process offers unique opportunities to boost reforms to achieve prosperity and converge with other member states\u201d, the report stressed.<\/p>\n<p>The Bank forecasts the growth of the economy to ease to 5.2 percent in 2024 as a result of \u201ctight monetary policy, a slowdown among trading partners, and heightened geopolitical risks\u201d. The poverty rate is expected to keep declining gradually.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]FCHAIN Georgian Office informs that the World Bank on Thursday published the Macro Poverty Outlook report of Europe and Central Asia, highlighting that Georgia has made notable gains in income growth and poverty reduction in the past decade. In the report, released twice annually, the Bank stressed a declining trend of poverty and unemployment in<\/p>\n","protected":false},"author":1,"featured_media":47784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,21,22],"tags":[],"class_list":["post-41669","post","type-post","status-publish","format-standard","hentry","category-feautured-post-ru","category-news-ribbon-ru","category-press-releases-ru"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Georgia has made notable gains in income growth and poverty reduction in the past decade - FChain<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/az.f-chain.com\/\" \/>\n<meta property=\"og:locale\" content=\"az_AZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Georgia has made notable gains in income growth and poverty reduction in the past decade - FChain\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text]FCHAIN Georgian Office informs that the World Bank on Thursday published the Macro Poverty Outlook report of Europe and Central Asia, highlighting that Georgia has made notable gains in income growth and poverty reduction in the past decade. In the report, released twice annually, the Bank stressed a declining trend of poverty and unemployment in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/az.f-chain.com\/\" \/>\n<meta property=\"og:site_name\" content=\"FChain\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-17T12:40:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/az.f-chain.com\/wp-content\/uploads\/2024\/04\/fchain-756x400px-georgia1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"756\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"sdenisenko\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/\"},\"author\":{\"name\":\"sdenisenko\",\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#\\\/schema\\\/person\\\/8d4dfc39f27e9845e4646d167bb4d61d\"},\"headline\":\"Georgia has made notable gains in income growth and poverty reduction in the past decade\",\"datePublished\":\"2024-04-17T12:40:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/\"},\"wordCount\":268,\"image\":{\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/az.f-chain.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/fchain-756x400px-georgia1-1.jpg\",\"articleSection\":[\"Feautured post\",\"News ribbon\",\"Press releases\"],\"inLanguage\":\"az\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/\",\"url\":\"https:\\\/\\\/az.f-chain.com\\\/\",\"name\":\"Georgia has made notable gains in income growth and poverty reduction in the past decade - FChain\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/az.f-chain.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/fchain-756x400px-georgia1-1.jpg\",\"datePublished\":\"2024-04-17T12:40:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#\\\/schema\\\/person\\\/8d4dfc39f27e9845e4646d167bb4d61d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#breadcrumb\"},\"inLanguage\":\"az\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/az.f-chain.com\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"az\",\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#primaryimage\",\"url\":\"https:\\\/\\\/az.f-chain.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/fchain-756x400px-georgia1-1.jpg\",\"contentUrl\":\"https:\\\/\\\/az.f-chain.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/fchain-756x400px-georgia1-1.jpg\",\"width\":756,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/az.f-chain.com\\\/az\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Georgia has made notable gains in income growth and poverty reduction in the past decade\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#website\",\"url\":\"https:\\\/\\\/az.f-chain.com\\\/\",\"name\":\"FChain\",\"description\":\"Azerbaijan\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/az.f-chain.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"az\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/az.f-chain.com\\\/#\\\/schema\\\/person\\\/8d4dfc39f27e9845e4646d167bb4d61d\",\"name\":\"sdenisenko\",\"sameAs\":[\"https:\\\/\\\/newaz.f-chain.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Georgia has made notable gains in income growth and poverty reduction in the past decade - FChain","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/az.f-chain.com\/","og_locale":"az_AZ","og_type":"article","og_title":"Georgia has made notable gains in income growth and poverty reduction in the past decade - FChain","og_description":"[vc_row][vc_column][vc_column_text]FCHAIN Georgian Office informs that the World Bank on Thursday published the Macro Poverty Outlook report of Europe and Central Asia, highlighting that Georgia has made notable gains in income growth and poverty reduction in the past decade. 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