Public Debt in Eurozone
Eurozone - Public Debt
GDP growth surprised on the upside in Q3, mainly thanks to stronger-than-expected expansions in France and Italy more than offsetting subdued growth in Spain. Momentum has likely moderated significantly in Q4, as a strong upward trend in inflation hit consumer confidence in October and will be weighing on household spending, while protracted supply bottlenecks are dragging on activity in the secondary sector, as shown by October’s manufacturing PMI. Moreover, several countries in the bloc have tightened, or are planning to tighten, Covid-19 restrictions amid a fourth wave of infections, which will restrain the services sector. In other news, the European Commission recently delayed the implementation of stricter bank capital rules until 2025 in a bid to support the recovery. Meanwhile, in late October President Biden announced the U.S. will roll back tariffs on European steel and aluminum, boding well for trade.Eurozone - Public Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 90.9 | 90.0 | 87.8 | 85.8 | 84.1 |
Eurozone Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Eurozone: Unemployment rate ticks up in March as coronavirus blow starts to bite
April 30, 2020
Labor market conditions in the common currency bloc deteriorated in March, the first month when COVID-19 containment measures began to be extensively introduced, according to data released by Eurostat.
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Eurozone: Inflation slumps to over three-year low in April on plunging energy prices
April 30, 2020
Harmonized inflation fell to 0.4% in April from March’s 0.7%, marking the lowest reading since September 2016, according to a flash estimate released by Eurostat on 30 April.
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Eurozone: Coronavirus crisis strikes unprecedented blow to Eurozone economy in Q1
April 30, 2020
The Eurozone economy contracted sharply in the first quarter of this year, after marginally expanding in Q4 2019.
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Eurozone: ECB cuts rates on long-term liquidity operations and introduces new anti-pandemic auctions
April 30, 2020
On 30 April, the European Central Bank (ECB) decided to step up its efforts to combat the economic and financial shockwaves currently shaking the Euro area.
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Eurozone: Economic sentiment collapses at sharpest pace on record in April
April 29, 2020
Sentiment in the Eurozone tumbled at the sharpest pace in the survey’s history in April due to measures adopted to contain the spread of coronavirus, plunging to 67.0 points from March’s 94.2 points.
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