Georgia: Statistical Hiccup Prompts World Bank Downgrade

Children in a school yard in Georgia. The nation’s promotion in 2016 into the ranks of upper-middle-income states had more to do with population decline than economic development. This year, Georgia was downgraded back to lower-middle-income status, which also had more to do with statistical hiccups than a substantial decline in economic activity. (Photo: Givi Pirtskhalava/World Bank via Flickr, CC BY-NC-ND 2.0)

Georgia’s economy appeared to take a step backward earlier this summer when the World Bank demoted the country to “lower-middle-income” status. The demotion, however, has more to do with statistical hiccups than it does with a substantial decline in economic activity.
 

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Dustin Gilbreath is a Policy Analyst at CRRC-Georgia.

Georgia: Statistical Hiccup Prompts World Bank Downgrade

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