Jim O'Neill Says G-7 in Recession, Equities 'Can Go Up'

Jim O'Neill, head of global economic research at Goldman Sachs Group Inc., talks with Bloomberg's Mark Barton in London about the outlook for the global economy, European interest rates, oil prices and currencies including the dollar, euro and pound. European Central Bank council member Axel Weber said this week there's no scope for interest-rate cuts despite the prospect of a recession in the euro region. (Source: Bloomberg)

Bloomberg | August 28, 2008

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