Greenspan says US recession possible, not probable

Former Federal Reserve chairman Alan Greenspan said a recession in the U.S. is possible, though not probable this year as excess inventory is being reduced quickly, according to people attending a CLSA Japan Forum in Tokyo Thursday 1 February.

``By the end of the year, there is the possibility, but not the probability of the U.S. moving into recession,'' Greenspan said, according to Bloomberg citing notes taken by Bernard Key, a former economics professor at Tama University in Tokyo, who atten

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