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

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). Higher fuel prices, and fertilizer and wheat supply problems provoked by the war in Ukraine have fanned inflation while intensifying hunger, casting doubts about the region’s growth prospects, the U.N. agency said.

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