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EUROPEAN FISCAL: EZ Debt to GDP Ratio Rises For First Time Since Q1 2021

EUROPEAN FISCAL
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Overall euro area general government gross debt to GDP ratio rose in Q2 on a sequential comparison, to 88.1%, vs 87.8% Q1 - its first increase since Q1 2021. The seasonally-adjusted general government deficit to GDP ratio meanwhile stood at 3.0% in Q2, unchanged from Q1.

  • The figures reinforce the narrative that fiscal sustainability remains a concern in the Eurozone.
  • "Compared with the first quarter of 2024, nine [EU] Member States registered an increase in their debt to GDP ratio at the end of the second quarter of 2024, seventeen a decrease, and the ratio remained stable in one", Eurostat adds.
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Overall euro area general government gross debt to GDP ratio rose in Q2 on a sequential comparison, to 88.1%, vs 87.8% Q1 - its first increase since Q1 2021. The seasonally-adjusted general government deficit to GDP ratio meanwhile stood at 3.0% in Q2, unchanged from Q1.

  • The figures reinforce the narrative that fiscal sustainability remains a concern in the Eurozone.
  • "Compared with the first quarter of 2024, nine [EU] Member States registered an increase in their debt to GDP ratio at the end of the second quarter of 2024, seventeen a decrease, and the ratio remained stable in one", Eurostat adds.