Sunday August 2, 04:00 PM
End of US economic crisis 'getting very close'
WASHINGTON (AFP) - Alan Greenspan, the former chairman of the Federal Reserve, said Sunday that the US economic crisis was not yet over but it was "getting very close" and that the broader economy has already hit bottom.
Asked in an interview with ABC television whether the worst US economic crisis since the Great Depression was over, Greenspan said "not quite, but we're getting very close."
"Collapse, I think, is now off the table," Greenspan said, adding that he was "pretty sure" the US economy had hit bottom and had begun a turnaround in mid-July.
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