Private economic studies published recently showed Paraguay was on an upward trajectory. According to Banco Itaú, the South American country's economic activity expanded in the second quarter of 2023 following the normalization of agricultural production after a severe drought last year. In this scenario, the Gross Domestic Product (GDP) growth projection for the end of the year remained at 5.6%, the research showed.
Millions of Brazilians could be thrown into extreme poverty in the next few years due to weather-related phenomena, a report released last week by the World Bank showed.
Argentina's National Institute of Statistics and Census (Indec) Thursday released a study showing that 39.2% of the South American country's economically active population was living in poverty in the second half of 2022, an increase from the 37.3% recorded during the same period of 2021
According to Uruguay's National Statistics Institute (INE), the number of people under the poverty line reached 9.9% of the population in 2022, an improvement from 2021's 10.6%, it was reported in Montevideo.
In Latin America and the Caribbean some 200 million people live in poverty, with 82 million in extreme poverty, points out a report from the UN Economic Commission for the region, ECLAC. The numbers are equivalent to 32,1% and 13,1% of the total population and need to be urgently addressed to avert the risk of a lost generation.
Latin American and Caribbean economies have recovered their pre-pandemic levels and the region recovered certain feeling of normality, although the overall economy must rebuild to avoid a new cycle of low growth, points out the latest from the World Bank under the heading of New approaches to closing the Fiscal Gap.
Following last week's figures from Argentina's National Institute of Statistics and Census (Indec) pointing out that 50% of the country's children under 15 lived in poverty, researcher Agustín Salvia said the data were “in line with what was expected.”
Some 25 million Argentines, 54,9% of the whole population can be described as poor, following monetary criteria and simultaneously a multi-dimensional approach. This approach refers to such structural factors as housing, basic services, education, employment, and health attention.
Some 39% of the population from the province of Tierra del Fuego are below the poverty line according to the latest numbers from the first half of this year and released by the Argentine official stats office, Indec.
Brazil's poverty indexes are on the rise despite President Jair Bolsonaro's claims that his actions, however controversial from a sanitary viewpoint regarding the COVID-19 pandemic, were always aimed at sustaining the country's economy.