PBO sees just 2.7% growth this year, warns about private debt

EconomyMacroeconomy Tags: Debt, GDP, PBO
Photo by Panayiotos Tzamaros
Photo by Panayiotos Tzamaros

Parliament’s Budget Office (PBO) published on Tuesday its report for the fourth quarter of 2020, also updating its macro estimates for 2021.

Following the extension of the lockdown into the full first quarter of 2021 and delays in the rollout of vaccinations across Europe, there are significant risks to economic activity. According to the PBO, this will lead to subdued growth of 2.7 pct for ...

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