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Mexico: Poverty Rate Rose to 46.2 Percent in 2014

Two million more Mexicans fell into poverty between 2012 and 2014, government data showed on Thursday, highlighting the challenges President Enrique Pena Nieto faces in meeting pledges to lift millions out of need. The poverty rate increased by 0.7 percentage point to 46.2 percent last year from 45.5 percent in 2012, equivalent to 55.3 million people in the nation of nearly 120 million, said government social development agency Coneval. The poverty level is roughly in line with that in...

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