Don't miss

Replay


LATEST SHOWS

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 1)

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 2)

Read more

FOCUS

The battle against illegal fishing in West Africa

Read more

DOWN TO EARTH

Trump has already quit the Paris climate deal - just not publicly

Read more

#TECH 24

The Ice Memory Project: A treasure trove for future scientists

Read more

ENCORE!

Cannes 2017: Stars dig deep at AIDS gala dinner

Read more

FASHION

French fashion designer Jacquemus declares his love for Marseille

Read more

PEOPLE & PROFIT

A piece of work: New French government braces for labour law reform

Read more

#THE 51%

Ridding workplaces of sexism: What companies can do to banish outdated attitudes

Read more

Business

Trichet warns against overly optimistic growth forecasts

Text by NEWS WIRES

Latest update : 2009-06-22

The European Central Bank president, Jean-Claude Trichet, warned against, but did not dismiss, European predictions of economic recovery in the first quarter of 2010. He also insisted that no additional EU stimulus plans were necessary.

AFP - European Central Bank president Jean-Claude Trichet warned Sunday against putting too much faith in forecasts of an economic recovery next year.
   
"We should see a return to positive growth during next year," Trichet told Europe 1 radio. "This is what I have been telling everyone."
   
But he added that "it would be a mistake to believe that this is a foregone conclusion: There are uncertainties, risks."
   
Trichet added that much depended on consumer and investor confidence and on government handling of measures that have been approved to combat the recession hitting Europe.
   
Most countries in the 27-nation European Union are predicting a turnaround in the first quarter of 2010.
   
 

Date created : 2009-06-21

COMMENT(S)