Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

A presidential fairy 'tail': Meet Tory, South Korea's new 'First Dog'

Read more

ACROSS AFRICA

Dual therapy drug trial offers hope to HIV patients

Read more

IN THE PAPERS

'From Jupiter to Colbert': France's nationalisation of shipyard draws criticism

Read more

EYE ON AFRICA

Nigerian lawmakers seek to reduce president's powers

Read more

MEDIAWATCH

Trump's transgender backlash

Read more

THE DEBATE

The Battle for Venezuela: Pressure mounting on Maduro ahead of Sunday's vote

Read more

ENCORE!

Actress Helen Mirren on TV honours and tackling sexism

Read more

FOCUS

Teething problems for French President Macron's party

Read more

THE INTERVIEW

Libya's Haftar vows to deal with terrorists 'through weapons'

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)