Eurozone government debt/GDP ratio falls to 98.2% in Q2
Decline stems from recovery in GDP while debt continues rise amid financing burden due to coronavirus pandemic
The ratio between government debt and GDP in the euro area declined to 98.3% in the second quarter of this year, compared with 100% at the end of the previous quarter, the bloc's statistical agency announced on Friday.
The ratio also fell in the EU27, from 92.4% to 90.9% at the end of the July-September period.
These declines stemmed from a rebound in GDP, while debt continued to rise due to the financing needs of policies to help curb the economic and social fallout from the COVID-19 pandemic.
Compared to the same quarter of last year, the ratio rose in both the euro area (from 94.4% to 98.3%) and the EU (from 87.2% to 90.9%).