Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Greenspan Sees ‘Fairly Pronounced Recovery’ in U.S.

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Steve Matthews and Millie Munshi
Bloomberg
Thursday, Sept 9th, 2009

The U.S. economy will start to pull out of a recession by yearend, helped by “remarkable growth” in productivity and a depletion of inventories, former Federal Reserve Chairman Alan Greenspan said.

“A lot of pieces are falling into place for recovery,” Greenspan said in a speech in New York. He predicted “a fairly pronounced recovery not only in the U.S.,” but globally. “Surprises are on the upside.”

Greenspan last month said the U.S. economy could resume growth with a 2.5 percent expansion in the current quarter, while adding there was still a risk of a “second wave down.”

The world’s biggest economy contracted at a 1 percent annual pace in the second quarter and economists surveyed last month by Bloomberg News predicted growth would average 2.1 percent in the second half of the year.

Full article here

Greenspan Sees ‘Fairly Pronounced Recovery’ in U.S.  270809banner 

This article was posted: Wednesday, September 9, 2009 at 10:01 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Military Being Trained To Confiscate Guns And Shoot Americans See the rest on the Alex Jones YouTube channel.

Will Airborne Ebola Become A Modern Global Plague? See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.