Seasonally adjusted government deficit rose sharply to 2.2% of GDP in the euro area

In the first quarter of 2020, when COVID-19 containment measures began to be widely introduced by Member States, the seasonally adjusted general government deficit to GDP ratio stood at 2.2% in the euro area and 2.3% in the EU. This is a sharp increase in both areas in comparison with the fourth quarter of 2019 and the highest deficit recorded in the euro area since the second quarter of 2015.

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