Euro area government deficit at 7.2% and EU at 6.9% of GDP

(Source: Eurostat – Statistical Office)

In 2020, the government deficit of both the euro area and the EU increased significantly compared with 2019, as did the government debt, in the context of the measures undertaken in response to the COVID-19 pandemic. In the euro area the government deficit to GDP ratio rose from 0.6% in 2019 to 7.2%…

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