approximately one percentage point.
5
two factors caused half of the drop...After 2009, recession and higher risk aversion of both creditors and debtors...
This primarily resulted from a drop of EUR 0.5bn in the primary income account surplus...effect, while the increase in the profits of foreign-owned banks and enterprises...
decelerate to 0.8% in 2019 due to a cut in the VAT rate on certain products and a drop...amount to 3.3% of GDP in 2019, remaining unchanged from the previous year, and...
