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O’NEILL ISSUES FISCAL SQUEEZE WARNING
GOLDMAN Sachs chief economist Jim O’Neill has waded into the debate over the depth and breadth of austerity measures being implemented across the globe, warning large nations cutting back simultaneously could derail the recovery. “All G20 members tightening fiscal policy at the same time as the UK’s tough stance would make it hard to deliver on improving growth for all, or possibly any,” O’Neill told a Sunday newspaper.