Via the BBC: Latin America poverty ‘may soar’
The global financial crisis could cause poverty to rise in Latin America by as much as 15% this year, a senior UN official has warned.Rebeca Grynspan, regional head of the UN Development Programme (UNDP), said Latin American governments needed to take action urgently.
She expressed particular concern about smaller countries, saying they might not cope with such a big shock.
Analysts fear 2.4 million Latin Americans may lose their jobs.
Generically this is no surprise: as the larger economies go, so go the smaller ones have a harder time dealing with it. It certainly isn’t a new tale in Latin America.
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