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The pandemic could leave nearly 40 percent of Latin America in poverty, according to ECLAC

According to a report released by the Economic Commission for Latin America and the Caribbean (ECLAC) on Wednesday, 37.3 percent of the entire Latin American population could live in poverty due to the effects of the coronavirus pandemic in 2020.

The report, entitled “Given the increasing impact of COVID-19 on reactivation with equality: new projections” estimates that the number of people living in poverty will increase by 45.4 million in 2020. The number of people in this state would increase from 185.5 million in 2019 to 230.9 million this year.

Within this group, the number of people in extreme poverty situations would increase by 28.5 million from 67.7 million people in 2019 to 96.2 million people in 2020, which is 15.5 percent of the total population.

The pandemic could leave nearly 40 percent of Latin America in poverty, according to ECLAC
The pandemic could leave nearly 40 percent of Latin America in poverty, according to ECLAC

The document presented by the United Nations Agency’s Executive Secretary Alicia Bárcena states that the decline in economic activity is so large that it will lead to GDP per capita in Latin America and by the end of 2020. The Caribbean is similar to that observed in 2010. This means that per capita income will decrease by ten years.

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