Asia of a US slowdown.
one-third chance of a recession in the US economy this year, as consumption eases and the housing market slows.
A "mild recovery" in the second quarter is not very strong, conference hosted by Merrill Lynch in Singapore. Bloomberg News has obtained the comments.
"There is no doubt there is a slowdown going on the US," Dr Greenspan said via satellite from Washington. "We are clearly having troubles in the capital investment area, as well as potentially in the consumption area, and obviously housing being a significant drag."
months after falling retail sales, higher import prices and a wider trade deficit heightened concern that the economy will slow.
economy despite a year-long slowdown.
the staying power of its decade-long predecessor. In late February he predicted that US economic growth might stagnate, a view at odds with those of his successor, Ben Bernanke, and other Fed officials.
"At the moment, I still say as I said before, by algebraic implications, the odds are two to one we won't have a recession," he said.
region's foreign-exchange reserves, he said.
cent slump on February 27 triggered a global stockmarket rout.
created property bubbles in South Korea and India, making Seoul the Manhattan's.
the Fed keeps rates so low," said Kazuhiko Sano, chief strategist at Tokyo-based Nikko Citigroup.
would be hurt by a slowdown in US consumption.
find that exports in South-East Asia will slow down somewhat," he said.
"Overall, Asia is moving at twice the pace of the to be employed domestically, part of that will be offset."
He's a bona fide Hollywood star, and Steven Spielberg and Brad Pitt are among his fans, but what Eric Bana treasures most is his life as a suburban dad.
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