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Economy & Business - March 2021

MEXICO: Social policy programmes fail to mitigate increase in poverty

On 16 February Mexico’s national council of evaluation of social development policy (Coneval) revealed that a reduction of 2.5% in real labour income recorded between the fourth quarter of 2020 and the same quarter in 2019 produced an increase in labour poverty. Coneval defines those people that have a job but whose salary is insufficient to afford a basic food basket as labour poor and found that their number grew by the end of 2020 to reach 40.7% of all employed people, an increase of 3.4 percentage points relative to a year earlier. Coneval’s analysis was based on data produced by the most recent national survey of occupation and employment (Enoe) by the national statistics institute (Inegi).

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