Domenica, 21 Ottobre 2018

Over 4 million Italians in absolute poverty in 2013


Cernobbio (Como), March 22 - Over four million
Italians will be living in absolute poverty by the end of 2013,
retailers' association Confcommercio said on Friday.
This figure translates into over 6% of the population and
compares to the 3.9% living in absolute poverty in 2006.
The statistics are contained in Confcommercio's monthly
Misery Index drawn up on the basis of official unemployment and
temporary redundancy figures and variations in the cost of goods
and services.
The retailers' association also revised downwards its
predicted fall in gross domestic product (GDP) for 2013 from
0.8% five months ago to a current 1.7%.
Next year GDP is expected to show a net increase of 1%,
Confcommercio said.

photo: a food line at an Italian church

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