Extreme poverty rising in Latin America: UN / Photo: NELSON ALMEIDA - AFP/File
-
Amazon cloud business accelerates but shares drop on profit miss
-
Inkle buys Finally bookkeeping unit and expands India-based workforce
-
PI Industries plans Indian launch of Pioxaniliprole insecticide this rabi season
-
ISRO schedules NVS-03 navigation satellite launch for Friday
-
Asian equities diverge after mixed technology earnings and Fed rate decision
-
'Star Trek', 'X-Men' star Patrick Stewart dead at 86
-
Kuwait traffic authority cautions against hazard lights while driving in rain
-
Canada buying stake in AI firm Cohere to bolster tech sovereignty
-
Utah files criminal charges against prediction market Kalshi
-
Grieving Spain demands answers for latest rail disaster
-
Kuwait National Guard official visits member injured during training
-
Qatar prime minister tours Cityscape Qatar 2026
-
CNN Global Perspectives prepares Doha debut with international speaker lineup
-
Jazeera Paints showcases housing solutions at Build Your House 2026 in Qatar
-
Es’hailSat and Arabsat agree broader satellite and broadcasting cooperation
-
Google drags down Wall Street stocks
-
ECB says has tools to calm markets as French debt worries rise
-
Does White House ask AI to shape policy? Democrats want the receipts
-
IMF says engaging with Iraq on preparing new bailout program
-
ECB holds rates steady after Lagarde says to quit early
-
US economy posts strong growth, inflation stubbornly high in challenge to Trump
-
ECB chief Lagarde to step down early, triggering succession race
-
French businessman takes over 2030 Winter Olympics amid leadership turmoil
-
VW says 'no time to lose' to slash costs after 5.8 billion euro loss
-
Stock markets diverge on corporate earnings, tech jitters
-
Oil majors reap bumper profits as Mideast war drives prices
-
TotalEnergies profit hits record on high oil prices
-
Taiwan says Pakistan briefly closed airspace to Taiwanese flights
-
Afghanistan opium poppy cultivation surges despite Taliban govt ban: UN
-
Samsung logs record quarterly profits despite investor AI jitters
-
Microsoft beats expectations fueled by Azure cloud business
Extreme poverty rising in Latin America: UN
Extreme poverty is likely to affect 82 million people in Latin America in 2022, an increase spurred by a slow pandemic recovery and high inflation, the UN economic commission for the region said Thursday.
"It has not been possible to reverse the impacts of the pandemic in terms of poverty and extreme poverty," said Jose Manuel Salazar-Xirinachs, executive secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC).
The figure represents 13.1 percent of the region's population, an increase from 12.9 percent in 2021.
Overall, 12 million more people are facing extreme poverty since 2019, before the Covid-19 pandemic.
Salazar-Xirinachs pointed to a "cascade of external shocks," namely a slowdown in economic growth, the weak recovery of the jobs market, and rising inflation.
The Santiago-based UN body said the extreme poverty figures were a "setback of a quarter of a century" for the region.
In October, the agency predicted higher-than-expected growth of 3.2 percent in the region. However, this is expected to halve in 2023 with a projected growth of 1.2 percent.
The UN body also highlighted the severe consequences the pandemic had on education in Latin America and the Caribbean, with an average of 70 weeks of school closures compared to 41 weeks elsewhere in the world.
The number of youths aged 18-24 who are not studying or working rose from 22.3 percent in 2019 to 28.7 percent in 2020.
X.Wong--CPN
