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Goldman Sachs' Gutman urges governments to cut spending to curb surging borrowing costs
Anthony Gutman, co-CEO of Goldman Sachs International, stated on Monday that lower fiscal deficits and more durable economic growth are needed to curb surging borrowing costs. He highlighted rising government bond yields as a challenge across the Western world, specifically mentioning recent turmoil in U.S. Treasurys and French government bonds.
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