Risk of poverty, income inequality increase in Greece: Report
The risk of poverty and income inequality in Greece has increased, according to a recent survey.
Citing the Bank of Greece’s annual report, daily Avgi said the relative poverty index was 19.6% in 2020, which is above the EU average, 16.8%.
During the same period, income inequality indicators in Greece also showed significant deterioration and consequently, the Gini index of inequality rose to 32.4% from 31.4% in 2019.
The report also highlighted that the pandemic significantly decreased the disposable income of the citizens leading to the closure of businesses and creating inflation.