Seasonally adjusted government deficit at 11.6% of GDP in the euro area and 11.4% of GDP in the EU

https://ec.europa.eu/eurostat/documents/2995521/11442902/2-22102020-CP-EN.pdf/b7af0afd-d898-c815-9e16-ffc332d66350

In the second quarter of 2020, marked by COVID-19 containment measures in all Member States, the seasonally adjusted general government deficit to GDP ratio stood at 11.6% in the euro area and 11.4% in the EU. The second quarter of 2020 saw both the highest deficit recorded in the euro area and the EU since the start of the time series as well as the sharpest quarter on quarter increase. In the second quarter of 2020, all Member States recorded a government deficit.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.