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

https://ec.europa.eu/eurostat/documents/2995521/11129672/2-22072020-BP-EN.pdf/5ccced57-ee23-ad08-75d4-0fa81dc3fe0e

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.

Leave a Reply

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