Latin American Stall?
An ominous headline from The Economist: Latin America’s progress has stopped
For the past three years, the poverty rate has stayed stubbornly at around 28% of the population, according to household surveys collated by the UN Economic Commission for Latin America and the Caribbean (ECLAC).
The proportion that is extremely poor (with a daily income of less than $2.50) has edged up, to 12%.
The trend varies slightly from country to country. Poverty has continued to fall since 2012 in Paraguay, El Salvador, Colombia, Peru and Chile, but has risen sharply in Venezuela, according to ECLAC.
Here are some figures:
- None Found