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- Dubai 04:25 05:43 12:19 15:46 18:50 20:09
Governments must bite the bullet in the next three months and announce action to cut back huge debt and budget deficits, or dig themselves deeper into trouble, the Organisation for Economic Co-operation and Development (OECD) said. The OECD forecast that debt would exceed 100 per cent of GDP in the OECD area in 2011.
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