Monday, Aug 03, 2009
May, May, and thrice, May...
Bloomberg: Greenspan Says 2.5% Growth Possible in Third Quarter
The most severe recession in at least five decades may be ending and growth may resume at a rate faster than most economists foresee, former Federal Reserve Chairman Alan Greenspan said.
“We may very well have 2.5 percent in the current quarter,” Greenspan said in an interview today on ABC’s “This Week” program. “The reason is there has been such an extraordinarily high rate of inventory liquidation that the production levels are well under consumption.”
Posted by devo @ 12:51 AM (252 views) Add Comment
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