The adjectives acute and recent modify the noun squeeze and form a list in front of the same noun. Commas are used to link items in a list, as shown below:
But the acute, recent squeeze in the credit markets …
Source
‘Centrica forced into deep discount on £2.2bn rights issue’, The Times, 1 November 2008, p. 57
For other errors in the same article, see:
Helping clients say what they mean in written corporate communications.
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