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World Bank: 3.6 million Brazilians may fall below poverty line

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Brazil’s economic crisis could push as many as 3.6 million people below the poverty line by the end of the year, finds a World Bank study on the impact of recession on Brazilians’ incomes.

Brazil’s worst-ever economic downturn intensified unexpectedly in the final quarter of 2016, frustrating hopes for signs of a recovery.

According to the World Bank, the “new poor” will come mostly from urban areas, while rural poverty increases will be smaller because financial vulnerability is already higher in those areas.