European Economic Statistics

Corina Cristea, 24.04.2019, 13:24

At the opposite pole, 14 of the member states
had government debt above 60% of GDP in 2018. The highest rates were reported
by Greece, Italy, Portugal, Cyprus, Belgium, France and Spain.

Meanwhile, according to Eurostat, in 2018 the
government deficit and debt, both within and outside the Eurozone, dropped as
compared to 2017. In the Eurozone, the government deficit fell from 1% of GDP
in 2017 to 0.5% of GDP in 2018, whereas across the EU it went down from 1% to
0.6%. As for the current year, the Government of Romania remains optimistic.
Although the European Commission’s autumn economic forecast says that Romania’s
deficit will reach 3.4% of GDP in 2019, the Finance Minister speaks about a
level around 2.5%.