UN Agency States since 2008 the Number of Latin Americans Facing Severe Poverty Is Sky high

On Tuesday, an agency of the United Nation stated that the number of people living in utmost poverty in Latin America rose in 2017 to the topmost level in almost ten years, regardless of growth and advancement in government social spending policies. The Economic Commission for Latin America and the Caribbean (ECLAC) mentioned that the fraction of people in severe poverty that is indicated by lack of approach to basic human necessities, such as food and shelter, rose to 10.2% of the population in 2017, or better be said to 62 million people, from 9.9% in 2016.
Since 2008, the figure became the highest, mainly due to an economic slump in Brazil. The economy has only started to pick up from the last year from the worst decline or collapse in decennary. Brazil has around 200 million people; hence, making it Latin America’s most congested country. Alicia Bárcena, executive secretary of ECLAC, told reporters in Santiago, Chile that for many years Latin America has witnessed low economic growth and the effect of the slow economic growth was unemployment.
From 2012 to 2017, poverty on a more basis decreased from the following countries i.e. Chile, El Salvador and the Dominican Republic, chiefly due to an increase in work income. However, the situation deteriorated in Brazil, with poverty level rising to 5.5% from 5.1% of the population in 2017, as per reports by the ECLAC.

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