OECD's Cotis says US recession unlikely

OECD chief economist Jean-Philippe Cotis said on Tuesday 13 March that he does not expect a recession in the US.

"One cannot say that the most probable scenario is that of a recession," Cotis told a news conference.

Former US Federal Reserve chairman Alan Greenspan recently said that a US recession is possible.

The OECD sees "no room for a relaxation of monetary policy, at least not in 2007", he said.

"We see few reasons to change this forecast. We have an inflation situation which is well under

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