The number of people living in poverty in Italy rose in 2023 to its highest level in nearly 10 years, despite an economic recovery since the easing of coronavirus-related restrictions.
According to data from the Office for National Statistics, the number of people living in "extreme poverty", that is, unable to buy basic goods and services, has risen to 5.75 million, or 9.8 percent of the population. This figure is slightly higher than 9.7 percent in 2022, and the highest since the current data series began in 2014.
Italy's economy recovered more strongly from the COVID-19-induced recession in 2020-2021, compared to its neighbors such as Germany and France, with a concomitant increase in employment, but the INES report showed that the recovery did not help its poorest population.
Source (CNBC Arabia Website, Edited)
