UN agency: poverty dips in Latin America

SANTIAGO, Chile (AP) -- A United Nations agency says poverty in Latin America stands at 33 percent, down from 34 percent a year earlier.

Tuesday's report by the Economic Commission for Latin America and the Caribbean says that the world economic crisis will mean reduced consumption in the region.

It says the global economic slowdown will most affect countries that depend greatly on exports to and remittances from the United States.

Employment is expected to stagnate in 2009 while salaries should drop slightly.

Finding jobs will remain especially difficult for women and young seekers.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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