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Reuters
Reuters
Business

Latin America, Caribbean 2022 poverty seen higher as Ukraine war bites: U.N. study

Ukraine Latin America Poverty Caribbean United Nations
FILE PHOTO: Peruvians protest in front of a roadblock in the Andean nation's Cuzco region against a rise in the cost of living triggered by the Russian invasion of Ukraine, outside of Cuzco, Peru April 19, 2022. REUTERS/Alessandro Cinque

A United Nations commission has increased its projection for poverty in Latin America and Caribbean for 2022, citing economic disruptions caused by the conflict in Ukraine.

Latin America and Dominican Republic poverty will rise to 33% of the population this year, a 0.9 percentage point uptick versus 2021. Extreme poverty is seen reaching 14.5% this year, 0.7 percentage point more than in 2021, according to a study published by the UN's Economic Commission for Latin America and the Caribbean (Cepal).

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