Buenos Aires, Argentina, Dec 9, 2019 / 19:00 pm
The latest report issued by the Argentina Observatory of Social Debt of the Pontifical Catholic University of Argentina showed that the rate of poverty and indigence is the highest in ten years.
The report indicated that 6.5% of households and 8.9% of people are indigent, and during the last trimester of 2019, 32.1% of households and 40.8% of people are below the poverty line.
These results show the sudden reversal of the economic conditions recouped by households during 2017.
The Observatory pointed to "cumulative regressive effects" in the country creating "the pitfalls of a growth model that is unstable, unbalanced and unequal, due to the absence of sustainable economic, social and environmental development policies."