According to Coneval, working poverty at national level stood at 38.3% in the second quarter of 2022, maintaining a downward trend. Two factors in the short term are considered the main challenges to continue on the path of reducing poverty levels: inflation and informal employment.
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Due to slowing growth and high inflation rates around the world, the World Bank raised concerns about global stagflation. Considering this scenario plus a possible fifth wave of COVID-19, some implications for the population in poverty are analyzed in a press release.
The behavior of labor poverty of the Mexican population is presented for the first quarter of 2022. The decrease in labor poverty is mainly due to two factors: the increase in real labor income per capita of 6.7% and the increase of 3.1 million…
The economic crisis caused by the pandemic and the economic policy response (or rather, its absence) caused significant damage to the Mexican labor market.
The challenges of the Colombian economy are presented in aspects such as pandemic, reactivation and recovery, employment, education and a condition of life with less poverty and more support in old age.
Remittances reach a record, 4,540 million USD during July (+28.6%). If remittance income is omitted, the volume of the population in Mexico living in poverty in 2020 would have increased by 836,000 people, and those living in extreme poverty would increase by 351,000 people.
August 10, 2021
Mexico | 3.8 million more poor and 2.1 million more in extreme poverty between 2018-2020
Between 2018 and 2020, the population living in poverty increased by 7.3%, from 51.9 to 55.7 million inhabitants, and the population living in extreme poverty grew 24.1%, from 8.7 to 10.8 million. The increase in the population with a lack of access to health services stands out, which went from 16.2% to 28.2%.
Coneval estimates that there are more than 51 million Mexicans living in working poverty in the 4Q20, 40.7% of the total population. Due to the pandemic, there was a contraction of 10.3 million jobs during the 2Q20, which is equivalent to almos…
The estimates made by ECLAC, Coneval and BBVA Research are presented on the effect that the current crisis by Covid-19 can have on the increase in poverty and extreme poverty levels in Mexico in 2020.
Between 2008 and 2018, poverty in Mexico decreased from 44.4% to 41.9%, but increased in absolute terms, from 49.5 to 52.4 million people. In equity of income, measured by the Gini coefficient, Mexico would move from place 136 to 122 of a total…
The number of Peruvians living in poverty increased to 6.9 million in 2017, an increase of 375,000 people, which meant that the monetary poverty rate increased by 1 pp to 21.7% of the population. The most likely cause is the weak expansion of formal activities that generate less productive jobs.
The recently published data on the trend in poverty are good and should send the message that we are going in the right direction and that we must work hard to keep the variables that promote poverty reduction under control.