JP Morgan Revised Down Its Forecast For Italy's 2012 Budget Deficit
JP Morgan lowered its forecast for Italy's 2012 budget deficit from 45 billion (2.8% of GDP) to 36 billion (2.3% of GDP). JPM still sees the Italian government unable to meet its original deficit target of 27 billion (1.7% of GDP).
According to the bank's calculations, "the cumulative budget d...
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