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LatinNews Regional Monitor: Brazil & Southern Cone - 26 November 2018
In brief: Brazil
* International NGO Oxfam Brasil has released a report warning against an increase in inequality in Brazil. Brazil’s Gini coefficient, a measure of inequality (where 0 denotes perfect equality and 1, perfect inequality) stagnated at 0.549 in 2017, the first time in the last fifteen years that it has not decreased from one year to the next. Brazil now ranks as the ninth most unequal country in the world. Despite the slight recovery of the country’s economy in 2017, most Brazilians saw their income fall, and the number of people living in poverty (on an income of up to US$1.9 a day) increased from 13.3m to 15m. According to the report, the labour income of the poorest 50% of the population fell by 3.5% between 2016 and 2017, while the richest 10% saw their labour income increase by nearly 6%. The report also notes a worsening of the gender and racial pay gaps.
