Macroeconomy/Finance

UNICEF estimates that 700,000 children will fall into poverty

UNICEF estimates that by the end of this year, 700,000 children would fall below the poverty line, as a result of the drop in activity in Argentina. Currently, monetary poverty among children reaches 53%, according to INDEC for the second half of last year. Based on GDP-poverty elasticity projections, UNICEF Argentina’s technical team believes that by the end of the year this percentage will reach 58.6%, which implies that there will be 7.7 million poor children in the national territory.

Source: La Nación

Categories: Macroeconomy/Finance