Political Risk Latin America Blog @PolRiskLatam

Economists say poverty falls in Latin America

Posted in News and Articles, Political Risk by politicalrisklatam on December 2, 2010

by Bloomberg Business Week & The Associated Press, November 30th, 2010.

Economists say poverty in Latin America is declining as the region struggles to recover from two years of financial crisis.

The U.N.’s Economic Commission for Latin America and the Caribbean estimates that 180 million people are living in poverty today in Latin American countries, which represents a return to 2008 levels. Brazil, Paraguay and the Dominican Republic all show improvement.

Economists say rising salaries and government programs are helping to soften the impact of the recession and reduce inequality.

Not all countries are so lucky. Poverty has been climbing in Mexico, Ecuador and Costa Rica.

The organization presented its report Tuesday in Santiago de Chile.

 

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