Economic prospects looking up says Greenspan

USA - America's economic prospects are looking up according to Fed chairman Alan Greenspan on Tuesday, although he warned that further economic growth in the short term will slow from the January-March pace.

"I suspect the American economy is in an upswing - it's not going to be a dramatic upswing ... but events look increasingly positive," Greenspan said in response to questions during a panel discussion at the annual International Monetary Conference with other central bankers.

The U.S

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