Greenspan sees US in or near recession

January 15, 2008
Greenspan sees US in or near recession

NEW YORK: The US economy is probably in a recession or about to slide into it, former US Federal Reserve Chairman Alan Greenspan said in an interview with The Wall Street Journal.

The odds are "not overwhelming but they are marginally in that direction" Greenspan was quoted as saying in the interview, published on Tuesday. "The symptoms are clearly there. Recessions don't happen smoothly.