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Argentina: Catholic University social distress observatory, increase in poverty

The poverty rate is going up in Argentina: from 29% to 32.9% in the first nine months of 2016. It was certified by the Social Distress Observatory of the Catholic University of Argentina (UCA), through the report presented yesterday. There are 1.5 million “new poor”, and over 600 thousand destitute people, that is, 13 million Argentine citizens hit by poverty. “Persistent inequality and structural poverty – say UCA researchers – originate from the economic and production model, which is concentrate and unbalanced, with exclusion and inequality consequences on social and employment level”. “This crisis scenario and recession in many social sectors are worsened by the impact of devaluation made by the government, and by the measures taken against inflation – says Agustin Salvia, Director of the UCA Observatory – as well as the unfavourable international context, and delay in the investments promised in the public and private sectors”.

 

 

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