Babajanyan, Victoria; Baksa, Daniel; Fukac, Martin; … - 2022
in GDP and consumption of 12.9 and 11.7 percent, respectively, and a cumulative loss of GDP of 38 percent for the period … 2020-2023. They also highlighted a significant fiscal outlook deterioration that would increase public debt-to-GDP ratios … by 18.8 percentage points over 2020-23. The package of counter-cyclical fiscal measures of 3.6 percent of GDP, however …
