One of the titles Negotiations Magazine, September 15 did not bode well for Antonio Costa's socialist government: “Portugal saw the largest increase in poverty rates in 2021; it is now the eighth most troubled country in the EU. To reinforce this gloomy note, the main Portuguese economic newspaper relied on data revealed the same morning. EurostatEuropean Statistical Agency.
Behind the top three, which consist of Romania, Bulgaria and Greece, Portugal jumped five places, from 13th.H In 8HSome 2.3 million Portuguese are at risk of poverty or social exclusion (Compared to 2.7 million ten years ago), or one-fifth of the country's resident population. The number of poor people in Portugal increased by 256,000 compared to a year ago, due to a decrease in household income during the pandemic.
Although it has fallen in 12 EU countries, the poverty rate in Portugal has risen to now 18.4%, or 1.9 million people living below the poverty line (€554 net per month).
asset depletion
To Camilo Lourenço, columnist at Negotiations Magazine The famous government killer
