economics
Poverty In Argentina Climbs to 42% After Historic Recession
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Poverty jumps to highest level in years after Covid plunge
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Inequality deepens between city and province of Buenos Aires
Argentina’s poverty rate rose to 42% in the second half of 2020 as the nation suffered its worst recession in two decades due to the coronavirus pandemic.
The number of Argentines living beneath the poverty line rose 1.1 percentage points from the first half of the year, according to data published by the statistics agency. Argentina’s gross domestic product nosedived 9.9% in 2020, the worst annual decline in the crisis-ridden nation since its historic collapse in 2002, driven by drastic lockdown measures.
