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Poverty in Argentina on the rise, Catholic University research shows

Monday, July 15th 2019 - 12:16 UTC
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Eduardo Donza, of the UCA, warned about “the price increases and a wage recovery in general below those increases.” Eduardo Donza, of the UCA, warned about “the price increases and a wage recovery in general below those increases.”
”We calculate values ​​close to 35 percent,” said Donza ”We calculate values ​​close to 35 percent,” said Donza

Poverty in Argentina reached “35 per cent” so far this year, according to Argentine Catholic University (UCA), it was reported last week.

“There are several reasons [for that],” explained Eduardo Donza, a researcher with the UCA's Observatory of Social Debt in a radio interview.

Donza added that “during the first months of the year, increases in food were higher than average [and] there is still no recovery” in the economy.

”We calculate values ​​close to 35 per cent,“ an 1% increase over the previous year, which according to Donza, ”is a lot.“

He also pointed out that ”we have an economy that reacts very fast in relation to the price of the dollar. When we have devaluations, which are often abrupt, we have very steep price rises and the labour market becomes more precarious.“

Donza also warned about ”the price increases and a wage recovery in general below those increases.”

The government's National Census' Institute INDEC's , March poverty figures for the second semester of 2018, based on the Permanent Household Survey (EPH), were at 32% of the total population.

The next official report is due in September and will cover the first six months of the year 2019, amid a presidential election process whereby the incumbent Mauricio Macri will seek another four-year term in office.

Categories: Economy, Politics, Argentina.

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  • Enrique Massot

    Oh, yes, but Mercosur has signed a trade agreement with the EU that will finally bring plenty prosperity to Argentina under the wise guidance of none else but master rudder Mauricio Macri!

    But not yet. Prior to reaching economic and social Nirvana, Argentines must still put their ambitions on hold for just a little while. They also must first re-elect Macri for another four-year term to finally allow the long-promised 'second semester' to become reality.

    Poverty reaching 35 per cent is good but not enough. Unemployment has reached two digits, but don't forget that Macri's goal is 15 per cent at the very least, which will allow for a deep reform of labour laws as demanded by the IMF. Once unemployment is high enough, workers will stop looking for better wages; they will just be happy to earn ANY wages.

    Jul 17th, 2019 - 03:45 am 0
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