ADVERTISEMENT

Motilal Oswal: Global Fiscal Deficit Narrows To 6.5% Of GDP In Q3 CY20 From 20.4%  In Q2

Motilal Oswal: Global Fiscal Deficit Narrows To 6.5% Of GDP In Q3 CY20 From 20.4%  In Q2

The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes. (Photographer: Brent Lewin/Bloomberg)
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes. (Photographer: Brent Lewin/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Global fiscal spending grew 22.7% YoY in Q3 CY20, coming in at 25.1% of gross domestic product, following 50.3% YoY growth (or 37.1% of GDP) in Q2 CY20.

Fiscal spending in advanced economies grew 35.3% YoY, while it grew just approximately 8% YoY in emerging and developing economies and ~10% in E&DEs excluding China.

While government spending increased in all advnced economies, it declined in four E&DEs, with the highest decline (of 13.5% YoY) witnessed in India.

Global fiscal receipts also grew 7.4% YoY in Q3 CY20, following the worst contraction of 22.2% YoY in Q2 CY20.

Click on the attachment to read the full report:

Motilal Oswal Eco Global Fiscal Spending Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.