Argentina sees rising poverty due to coronavirus Coronavirus Epidemic News

Official data from a study of 31 large cities show that the poverty rate has risen from 40.9 percent to 42 percent in one year, according to official data.

Economic consequences from the coronavirus epidemic have exacerbated poverty in Argentina, with nearly 12 million people in urban areas unable to carry a basket of basic food or essential services in the second half of 2020, official data released on Wednesday.

According to the 31 big cities studied by the National Institute of Statistics, the country’s poverty rate rose from 40.9 percent in the first half of the year to 42 percent in the second year.

This represents a steep peak of 6.5 percentage points compared to the last six months of 2019.

Poverty is defined as the inability to afford basic food and services worth $ 600 a month for a family of four.

Families that can’t afford the basic food basket for just one family – about ড 250 per family – are classified as originals. They accounted for 10.5 percent of the population in 2020.

Data show that more than 57 per cent of children over the age of 14 lived in poverty.

People wearing face masks as protection against COVID outside a retro train station in Buenos Aires [Agustin Marcarian/Reuters]

The figures come three more years behind the recession as a result of the economically devastating lockdown measures taken to address the global health crisis.

Argentina recorded its worst poverty rate at the end of 2002 during the worst economic crisis.

Earlier this month, thousands of people marched in Buenos Aires demanding food aid.

Separately, as the government continues to fight the epidemic, the administration of center-left President Alberto Fernandez is also shaking up the country to reconsider the nearly 45 45 billion in International Monetary Fund funds.

The coronavirus crisis has damaged the already ailing economy of top grain producers, complicating efforts to fulfill its obligations.

Argentina is also facing a maturity of ৪ 2.4 billion in the Paris Club of the host countries, with payments expected to be redefined as revenue declines along with output.

The COVID-19 pandemic has killed about 55,000 people in a record 2.3 million infections in Argentina.

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