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Usa, Cbo: GDP + 2,3 and deficit at 8,5% in 2011

In 2012, however, according to the Budget Commission of the United States Congress, the deficit will drop to 6,2% and the economy will return to growth at a rate close to that of last year, recording +2,7%.

Usa, Cbo: GDP + 2,3 and deficit at 8,5% in 2011

Some breathing room for the markets from US economic data. After the bad news on the mortgage front, the Budget Committee of the United States Congress today communicated the new estimates on GDP and deficit. The latter should fall to 8,5% in 2011 (from 1.390 to 1.280 billion dollars, in any case the third worst percentage in the last 65 years after the records of 2009 and 2010), to then drop further the following year to 6,2 ,XNUMX%.

As for the gross domestic product, it should grow by 2,3% this year (in any case "well below the potential rate" - writes the CBO - registering a drop of 0,7% compared to 2010) and by 2,7 in 2012 The latest forecasts on public budget trends had always been negative.

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