Deficit at 1.5% of GDP – S&P
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General government deficit is expected to come in at 1.5 percent of GDP in 2019, and at 2.6 percent in 2020-2022, S&P Global Ratings stated. Back in October 2018, the agency expected deficit of 2.2 percent of GDO and at 2.8 percent in 2020.
According to S&P, debt-to-GDP will drop to 47.7 percent this year, from 48.9 percent in 2018 and will gradually grow in 2020-2022 to 48.4 percent.
(ISBnews)
