Argentina poverty rate climbs to 33%
Argentina poverty rate climbs to 33%
Source: Xinhua 2017-03-10 05:06:18
BUENOS AIRES, March 9 (Xinhua) -- The poverty rate in Argentina climbed to 32.9 percent in the third quarter of 2016, according to a study released on Thursday.
The report compiled by the Catholic University of Argentina (UCA) shows 1.5 million people slipped under the poverty line, increasing the number of poor to nearly 13 million, the largest since 2010.
Extreme poverty reached 6.9 percent of the population over the same period, meaning 600,000 more people joined the ranks of the indigent, to bring the total number to 2.7 million.
"The economic belt-tightening measures, the adverse global situation, the anti-inflationary policy and the lack of private and public investment worsened the crisis," Agustin Salvia, the director of the UCA's Social Debt Watch, said in presenting the report.
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