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03:52
Latin America has lost 24 million jobs due to the pandemic, poverty can reach more than 300 million people
SHOTLIST:
1. Various people on the streets during the pandemic
2. Various of closed shops in Buenos Aires
3. Various of people on the streets of Quito
4. Various of poor neighborhoods from the air in Argentina
5. Various of 'favelas' in Brazil
6. Various of homeless people
7. Various of needy people in Bolivia
8. Various social aid in Argentina during the pandemic
9. Various of workers in office
10. Various of construction workers
11. Various of agricultural industry
STORYLINE:
In Latin America and the Caribbean, at least 23.9 million jobs have been lost between February and July of this year, as a result of the coronavirus crisis, which represents 12.5% of total employment, according to the Inter-American Bank developmental.
The loss of these jobs is certified by data from the Covid-19 Labor Observatory of the Inter-American Development Bank (IDB), which took information from the seven countries with information from employment surveys (Bolivia, Brazil, Chile, Colombia, Mexico, Peru and Uruguay).
The multilateral institution warned that job losses caused by the Covid-19 pandemic exceed those of any other crisis experienced in the region.
The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) estimates an increase in the poverty rate of 7.1 percentage points. “This could mean an increase of 45 million in the number of people living in poverty (up to a total of 231 million people) and of 28 million people in the case of extreme poverty (up to a total of 96 million of people)".
The number of people below the poverty line will go from 185 to 231 million -almost four out of every 10 Latin Americans-, an unprecedented figure since 2005, while extreme poverty will go from 68 to 96 million -slightly more than 15% of the population. population-, according to the study.
Unemployment will rise to 13.5% according to projections, even more than during the financial crisis, but in a region where half the population works informally, without any type of legal support or protection, that is just one small part of the photo.
Projections indicate that the pandemic will plummet Latin American GDP by 7.2% (World Bank), 9.1% (ECLAC) or 9.4% (IMF) this 2020. Projections that "may even fall short", according to Andrés Solimano, from the International Center for Globalization and Development.
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