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Macroeconomic Scoreboard – August 2021

Macroeconomic Scoreboard – August 2021

The Covid-19 crisis has widened the economic gap between the Euro Area and its main global competitors. The Covid-19 crisis has exacerbated existing economic and fiscal heterogeneities across the EU Members States. Countries with the highest level of government expenditure as percentage of GDP are those with the least competitive firms. Excessive level of public debt does not fuel GDP growth and employment. [...]