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Egypt and American budget deficit % GDP the same? WTF

 
pool
Netizen Ribbonmind

User ID: 31972012
United States
01/22/2013 03:58 PM

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Egypt and American budget deficit % GDP the same? WTF
Projected budget deficit % GDP is the same for Egypt and the USA, around 10%.

[link to en.wikipedia.org]


The state budget deficit is expected to hit 10 percent of the country's GDP this year, and the Central Bank says it only has enough foreign currency reserves to cover three more months of imports.


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pool (OP)
Netizen Ribbonmind

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01/22/2013 05:39 PM

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Re: Egypt and American budget deficit % GDP the same? WTF
An economic free fall for Egypt is predicted. Wouldn't the same be true for America?



After this, analysts predict, the Egyptian Pound might enter a free fall.


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