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Eurozone gov't deficit rises in Q3 2016: official

Xinhua, January 24, 2017 Adjust font size:

The seasonally-adjusted general government deficit to gross domestic product (GDP) ratio stood at 1.7 percent across the 19-country eurozone, official data showed Monday.

The reading marked an increase from the 1.5 percent in the second quarter of 2016, said Eursostat, the statistics agency of the European Union (EU).

In the wider 28-country EU, the deficit to GDP ratio stood at 1.9 percent, a slight increase compared with 1.8 percent in the previous quarter.

Meanwhile, government debt to GDP ratio fell to 90.1 percent in the single currency bloc in the third quarter last year, down from the 91.2 percent in the second quarter, Eurostat said in a separate statement.

The EU as well witnessed a decreased government debt ratio to 83.3 percent between July and September from the 84.2 percent registered in the second quarter last year. Endit