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No Growth From Cutting Costs: CIO

Tue 30 Aug 11 | 02:00 AM ET
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No Growth From Cutting Costs: CIO

Tue 30 Aug 11 | 02:00 AM ET
By cutting costs, businesses slash the aggregate demand for their products and others, Richard Cookson, CIO at Citi Private Bank, told CNBC. "The corporate sector can not continue to simply cut costs, rather than have top line growth," he said.
 
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