Some 18 million Argentines, 40,9% of the population live in poverty

Data by the government’s official statistics agency Indec showed that the poverty rate rose to 40.9% in the first six months of 2020, a significant uptick from 35.5% in the second half of last year. The 40,9% is equivalent to some 18 million people. Argentina’s economy contracted a record 19.1% in the second quarter versus a year earlier as the Covid-19 pandemic crippled production and demand, and is on track for a 12% economic plunge in 2020, analysts say.

Source: MercoPress