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Difference in government fiscal balance as a share of GDP worldwide due to coronavirus in 2020

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Source

Release date

June 2020

Region

Worldwide

Survey time period

April and June, 2020

Supplementary notes

April projections can be found .

Citation formats

Change in global fiscal balance forecasts due to coronavirus 2020

Published by Agne Blazyte, Jul 28, 2020
In April 2020, projections for the global fiscal balance showed that the impact of the coronavirus outbreak would cause a deficit equal to *** percent of the cumulative GDP. By June 2020, that deficit was predicted to have increased to **** percent of the GDP. Measuring the balance as a percent of GDP shows a nations ability to meet its financial needs. A negative value shows that a country's expenditures will outnumber its revenues, creating a deficit.
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