ECONOMY - FINANCE - BUSINESS / Economy

Deficit at 5.8% of GDP and public debt at 97.3% of GDP in euro area in 3rd quarter of 2020

Brussels, 22/01/2021 (Agence Europe)

In the third quarter of 2020, the ratio of the public deficit to GDP, adjusted for seasonal variations, was 5.8% in the euro area and 5.6% in the European Union, according to data published by the EU’s Statistics Office (Eurostat) on Thursday 21 January.

The third quarter of last year saw a strong recovery from the second quarter of 2020, when average deficits reached -11.9% of GDP in the euro area and -11.6% in the EU. These were the highest levels ever recorded since the beginning of the...