Why Latin America Could Add Millions of New Poor
Growth over the past decade has reduced poverty in Latin America by almost half, but has also created a population that is extremely vulnerable to the current regional economic downturn.
The most recent study on the subject by the United Nations Development Program (UNDP), which covers 18 countries in the region, indicates that 38% of the population is in this social limb of vulnerability.
These are about 200 million people who are not poor, but who have not entered the middle class either and who risk losing their achievements of the last decade.
“There is two good news and one bad news,” says Alfredo González, poverty and human development specialist in the Latin America Department of UNDP.
“The good news is that the middle class is growing and poverty is falling. The bad thing is that the number of vulnerable people falling back into poverty has increased. also in state-oriented policies to fight poverty ”.