End of preview - This article contains approximately 1173 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Economy & Business - April 2021
ECUADOR: Pandemic deals major blow to poverty reduction progress
In 2020, Ecuador’s national poverty rate by income grew by seven percentage points to 32.4%, a level not seen since 2010, while extreme poverty increased by six percentage points to just under 15%. This significant setback for the country’s fight against poverty indicates the extent of the socioeconomic impact of the economic crisis produced by the coronavirus (Covid-19) pandemic in the past year. Nonetheless, it is important to note that since 2014, poverty indicators have remained stubbornly static as a result of the low economic growth the country has experienced. Surveys suggest high levels of discontent with living standards, an issue which has dominated the 2021 election campaign and will be a crucial challenge for the next government which will take office in May.
- Mexico raises economic growth forecast, but recovery remains slow
- ECUADOR: Pandemic deals major blow to poverty reduction progress
- REGION: Pandemic drives surge in e-commerce across the Andean region
- PERU: Peru announces sale of lithium deposits
- ECONOMIC HIGHLIGHTS
- URUGUAY: There is carbon in those trees
- BRAZIL: The virus is undermining the recovery
- ARGENTINA: Doing the dance with the IMF
- REGION: Mercosur’s unhappy 30th birthday
- CHILE: Pension dispute intensifies
- ECONOMIC HIGHLIGHTS
- REGION: Caribbean faces long-haul recovery
- EL SALVADOR: Bukele faces financial constraints
- PANAMA: Disquiet at home and abroad over economic outlook
- ECONOMIC HIGHLIGHTS
- MEXICO: Reform of hydrocarbons law will only benefit Pemex
- MEXICO: Agreement over changes to outsourcing will mitigate their impact
- ECONOMIC HIGHLIGHTS