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ECLAC Projects Economic Decline and Rising Poverty in Latin America

RIO DE JANEIRO, BRAZIL - A report by the Economic Commission for Latin America and the Caribbean (ECLAC) expects the number of people in Latin America living in poverty to increase from the current 185.5 million to as many as 230.9 million in 2020, with the highest increases in the poverty rate (by at least seven percentage points) occurring in Argentina, Brazil, Ecuador, Mexico and Peru.

Based on World Bank data, the document concludes: "The global economy will experience its sharpest decline since World War II and per capita gross domestic product (GDP) will shrink concurrently in 90 percent . . .

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