{"id":20627,"date":"2011-04-12T13:59:06","date_gmt":"2011-04-12T17:59:06","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20627"},"modified":"2011-04-12T13:59:06","modified_gmt":"2011-04-12T17:59:06","slug":"imf-projects-2011-u-s-deficit-as-largest-among-developed-nations","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/12\/imf-projects-2011-u-s-deficit-as-largest-among-developed-nations\/","title":{"rendered":"IMF Projects 2011 U.S. Deficit As Largest Among Developed Nations"},"content":{"rendered":"<p>The U.S. fiscal deficit is set to be the largest among major developed  economies this year, beating out Japan and the U.K., with a shortfall  representing 10.8% of GDP, the IMF said in a report released today.  President Barack Obama will unveil long-term proposals for reducing the  deficit to sustainable levels and getting the national debt under  control on Wednesday. He will have to cut the deficit by at least 5% of  GDP to attain his pledge of halving the deficit by the end of his  four-year term. The IMF wrote in its Fiscal Monitor report, &#8220;Market  concerns about sustainability remain subdued in the U.S., but a further  delay of action could be fiscally costly, with deficit increases  exacerbated by rising yields,&#8221; The IMF said most advanced economies are  taking steps to reign in budget shortfalls, while two of the world&#8217;s  three largest economies, Japan and the United States, have delayed such  measures. The IMF expressed concern that upcoming elections in Japan and  the United States, as well as France, could complicate policy efforts  needed to reduce deficit spending.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. fiscal deficit is set to be the largest among major developed economies this year, beating out Japan and the U.K., with a shortfall representing 10.8% of GDP, the IMF said in a report released today. President Barack Obama will unveil long-term proposals&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20627","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20627"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20627\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}