- 2012 GDP lowered to 0.7% from 1.3% earlier
- 2013 cut to 2.2% from 2.4% previously
- Debt to GDP forecast to peak at 120.3% in 2013 from 119$ previously
- If conditions allow, will seek to sell longer-term debt later this year
- Deficit seen at 8.3% of GDP this year, below target of 8.6%
Reuters/Bloomberg headlines. The GDP cuts were tipped yesterday, if not before…
