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 . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here