Greenspan optimistic on US economic growth

Monday 03 August 2009 00:00 BST

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The US economy could grow by up to 2.5 per cent this quarter, the former Federal Reserve chairman Alan Greenspan said.

His prediction yesterday was far more bullish than the 1 per cent growth expected by most economists. "The reason is there has been such an extraordinarily high rate of inventory liquidation that production levels are well below consumption, " Mr Greenspan told ABC television network.

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Greenspan optimistic on US economic growth

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