Chances of the United States avoiding a recession are 2 in 1, former Federal Reserve chairman Alan Greenspan said at a conference hosted in Singapore by Merrill Lynch & Co.
Greenspan's optimism came after he warned in March that the economy might stagnate, and while the nation continues to struggle against headwinds of slow capital investment and a housing contraction. His comments were obtained by Bloomberg.
Greenspan's optimism came after he warned in March that the economy might stagnate, and while the nation continues to struggle against headwinds of slow capital investment and a housing contraction. His comments were obtained by Bloomberg.
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