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Debt under excessive deficit protocol remains below net debt, Daniel Lacalle notes

Debt under excessive deficit protocol remains below net debt, Daniel Lacalle notes
Debt lower under excessive deficit protocol

Debt classified according to the excessive deficit protocol is substantially lower than issued net debt and total public sector liabilities. Daniel Lacalle, Chief Economist and Investment Manager at Tressis Gestion, made this observation.

Lacalle has commented on recent moves in fixed income markets, noting the rise in yields as European Central Bank President Lagarde addressed inflation policy in a previous article. He has also reported on economic conditions abroad, highlighting Iran's steep inflation and declining export revenues in earlier coverage. His recent analysis continues his focus on public sector finances and fiscal metrics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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