Eye watering numbers. The US federal deficit expanded from US$1.0 trillion in the year to March to US$3.0 trillion in the year to June (~15% of GDP), on massive spending increases in response to Covid-19 &amp; declining revenue. The monthly federal deficit was $864b in June alone. https://t.co/Ah7fIJlWNZ
Eye watering numbers. The US federal deficit expanded from US $ 1.0 trillion in the year to March to US $ 3.0 trillion in the year to June (~ 15% of GDP), on massive spending Increases in response to Covid-19 & amp; declining revenue. The monthly federal deficit was $ 864b in June alone. https://t.co/Ah7fIJlWNZ
Writing about small advanced economies; global macro, economic policy, & politics from a small economy perspective; subscribe at https://t.co/lM0H9L8HDg
Writing about small advanced economies; global macro economic policy, and politics from a small economy perspective; subscribe at https://t.co/lM0H9L8HDg