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