Big crisis in Italy due to coronavirus pandemic, poverty level highest in 15 years

Rome: A large section of the population of Italy is facing an economic crisis due to the doronavirus pandemic. In the year 2021, the poverty rate in Italy has increased very rapidly.

The poverty rate in Italy today is at its highest level in 15 years. According to the data released on Wednesday, due to the coronavirus pandemic, an economic crisis has arisen in most parts of Italy.

According to the National Bureau of Statistics, about 5.6 million people in Italy were suffering from poverty last year, which is about 9.4 percent of the country’s population. This figure was prepared by estimating people unable to buy essential goods and services.

In terms of households, last year more than 20 lakh families was below the poverty line, which is 7.7 per cent of the total population and is up from 6.4 per cent in 2019. Italy’s economy shrank by 8.9 percent in 2020. This was the biggest recession since the Second World War. 

The lockdown to stop the coronavirus pandemic broke the backs of most businesses in Italy. The migrants living in Italy suffered the most due to the lockdown. Their population is about 15 lakhs in Italy.

However, the disposable income of people living in poverty in Italy is less than half the national average. It has come down to 13.5 percent according to the population of Italy, which was about 14.7 percent last year. According to the National Bureau of Statistics, the biggest reason for the decline is a reduction in spending nationwide. Due to which the economic condition of the whole of Italy has been affected.

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