Trademagazin > News and articles > Market News > Government debt as a share of GDP has increased in the euro area and the EU
Government debt as a share of GDP has increased in the euro area and the EU
The ratio of government debt to gross domestic product (GDP) increased by the end of the third quarter, compared to the quarter and a year earlier as a result of the coronavirus pandemic in the European Union and the euro area.
The union’s statistical office (Eurostat) said on Friday that government debt in the 19-nation eurozone had risen to 97.3 percent of GDP by the end of September from the 95 percent of a three months earlier. At the end of the third quarter of 2019, the indicator is lower: 85.8 percent. (MTI)
Related news
The economic performance of the euro area declined less than expected in February
The euro area’s economic performance had been shrinking for the…
Read more >We accumulate household biscuits the most because of the pandemic
We’ve been eating significantly more biscuits since the outbreak of…
Read more >Budapest Chamber of Commerce and Industry calls for tax enforcement moratorium for the most vulnerable companies
The Budapest Chamber of Commerce and Industry (BKIK) proposes that,…
Read more >