Rise in poverty predicted for Latin America and the Caribbean because of COVID-19

Latin America

Two United Nations agencies have warned that millions of people in Latin America and the Caribbean may slide into extreme poverty and hunger in 2020 due to the COVID-19 pandemic.

In a joint report, the Economic Commission for Latin America and the Caribbean and the Food and Agriculture Organization said, as a result of the health crisis, the population living in extreme poverty in Latin America and the Caribbean could reach 83.4 million people this year.

The report said this would entail a significant rise in hunger levels due to the difficulties these people will face in accessing food.

According to the report, after seven years of slow growth, Latin America and the Caribbean could experience the biggest drop in regional gross domestic product in a century, which will push 16 million more people into conditions of  extreme poverty this year versus 2019.

It says the effects of the crisis can already be seen in food systems with domestic prices rising.

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