GLOBAL FISCAL DEFICIT NARROWS TO 6.5 PER CENT OF GDP

Global fiscal deficit shrunk to 6.5 per cent of GDP ($ 1.2 trillion) in third quarter of 2020 from 20.4 per cent ($ 3.2 trillion) in the previous quarter

Global fiscal spending grew 22.7 per cent year- onyear and stood at 25.1 per cent of GDP in third quarter following 50.3 per cent growth in the preceding period