For Italy 2012 will inevitably be a year of recession, owing to the financial uncertainty and the drastic, but indispensable, measures to adjust the public finances.
For the US the debt-to-GDP ratio in 2011 is expected to be 100 percent. 7. The current account is broadly in balance, different from other advanced economies of similar size. For this year the IMF forecasts a current account deficit of 3 percent for the U.S. Still, there is no room for complacency.