US economy still hurting, recession odds less than half: Greenspan

1 day ago

WASHINGTON (AFP) — The US economy is still reeling from housing and credit woes but faces a "less than 50-50" chance of slipping into recession, former US Federal Reserve chairman Alan Greenspan said Monday.

Greenspan, in an interview with CNBC television, said the world's biggest economy is slowing as a result of of tighter credit, the outcome of the crisis in subprime housing loans.