Spain to start reducing debt-to-GDP ratio in 2021, Economy Minister says

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Spain expects to start reducing its deficit and debt-to-GDP ratio in 2021, Economy Minister Nadia Calvino said on Thursday, thanks to an expected economic rebound from 2020’s coronavirus-induced slump. In the third quarter Spain’s debt-to-GDP ratio reached 114.1% from 97.5% a year earlier as spending rose dramatically to cushion the blow from the pandemic, while …

The post Spain to start reducing debt-to-GDP ratio in 2021, Economy Minister says first appeared on Hellenic Shipping News Worldwide.

https://www.hellenicshippingnews.com/spain-to-start-reducing-debt-to-gdp-ratio-in-2021-economy-minister-says/

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