Third quarter of 2020: Seasonally adjusted government deficit at 5.8% of GDP in the euro area and 5.6% of GDP in the EU

* Large improvements compared to the second quarter of 2020   In the third quarter of 2020, the seasonally adjusted general government deficit to GDP ratio stood at 5.8% in the euro area and 5.6% in the EU. The third quarter of 2020 saw a sharp rebound from the highest deficit recorded in the euro area and the EU since the start of the time series in the second quarter of 2020 and continued to be ...

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