Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Ebola: Mali's first case dies

Read more

MEDIAWATCH

Queen Elizabeth tweets

Read more

THE WORLD THIS WEEK

The world this week - October 24 2014 (part 2)

Read more

THE WORLD THIS WEEK

The world this week - October 24 2014

Read more

FRANCE IN FOCUS

Art rocks and shocks Paris

Read more

#TECH 24

Samsung's Gear VR Reviewed

Read more

#TECH 24

How to become a Cyborg

Read more

ENCORE!

Paris rediscovers Picasso

Read more

#THE 51%

Should freezing your eggs be a company benefit?

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)