Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

French education: Reinventing the idea of school

Read more

FRENCH CONNECTIONS

Frogs legs and brains? The French food hard to stomach

Read more

#TECH 24

Station F: Putting Paris on the global tech map

Read more

THE INTERVIEW

Davos 2017: 'I believe in the power of entrepreneurs to change the world'

Read more

#THE 51%

Equality in the boardroom: French law requires large firms to have 40% women on boards

Read more

FASHION

Men's fashion: Winter 2017/2018 collections shake up gender barriers

Read more

ENCORE!

Turkish writer Aslı Erdoğan speaks out about her time behind bars

Read more

REVISITED

Video: Threat of economic crisis still looms in Zimbabwe

Read more

BUSINESS DAILY

DAVOS 2017: Has the bubble burst?

Read more

Trichet offers mixed assessment of world economy

Latest update : 2008-05-05

According to European Central Bank chief and G10 spokesman Jean-Claude Trichet, global growth is still strong owing to the resilience of emerging markets, though inflation risks remain a major threat.

Global growth is still strong owing to the resilience of emerging markets but inflation risks are significant, European Central Bank chief and G10 spokesman Jean-Claude Trichet said on Monday.
   
"At a global level, global growth remains significant despite the slowing down observed in a number of industrialised economies and clearly thanks to the remarkable resilience of a great number of emerging economies," said Trichet.
   
"We see ongoing growth at a significant level (...) even if somewhat lower than in the previous year," he added.
   
However, he also described inflationary risks as "significant" owing to oil, commodities and food price increases.
   
These increases in prices were being seen in "all economies without any exception," Trichet told reporters at a press conference after meeting with central bankers at the Bank for International Settlements in Basel.

Date created : 2008-05-05

COMMENT(S)