Brazil weighs reduction of middle class caused by the pandemic in Latin America – World Bank

If Brazil had not implemented its mitigation measures, some 28 million people would have joined poverty in 2020, according to the report presented at a virtual conference.

RIO DE JANEIRO, BRAZIL - As a result of the coronavirus pandemic, the middle class has shrunk in most Latin American and Caribbean countries and millions of people have become vulnerable or in poverty, reversing decades of social progress in the region, the World Bank said Thursday.

Some 4.7 million Latin Americans ceased to belong to the middle class and fell in social class in 2020, but the impact would be even stronger, with a total of 20 million people losing their place in the middle class, if Brazil had not implemented a broad temporary social protection program that benefited . . .

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