• 2012 deficit forecast revised to 2.6% of GDP from 2.4%
  • Forecasts debt-to-GDP of 125.8% in 2012 vs 123.4%
  • debt-to-GDP of 126.4% in 2013 vs 123.8%
  • To emerge from recession in early 2013, led by exports

I, for one, am shocked. SHOCKED.