With pandemic, poverty reaches 42% of people in Argentina – News

The poverty rate in Argentina’s urban population was 42% during the second half of last year, 1.1 percentage points above the rate recorded in the first half of 2020, due to the junction between the country’s economic crisis and the effects of the pandemic new coronavirus.

Also read: Argentina closes land borders to curb covid-19

In a report released on Wednesday (31), the National Institute of Statistics and Census (Indec) reported that the indigence rate was 10.5% of people in the second half of last year, thus remaining unchanged in relation to the rate recorded in the first six months of 2020.

In the annual comparison, the poverty rate increased in the second half of last year by 6.5 percentage points, and the indigence rate, by 2.5 points.

Official statistics show that 2.9 million households were below the poverty line at the end of December 2020, representing 12 million poor people.

In addition, 720,678 households were below the poverty line, which included 3 million people.

The measure takes into account the standard of living in the 31 most populated urban centers in the country, which covers 28.5 million people out of a total population in Argentina of about 45 million people.

The growth of poverty during 2020 in Argentina coincided with the covid-19 pandemic, which worsened the economic recession that the South American country has been facing since 2018.

Argentina recorded its highest poverty rate in October 2002, when the index rose to 57.5% after one of the most serious economic crises in its history

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