Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Is this the end of Emmanuel Macron's honeymoon period?

Read more

MEDIAWATCH

Macron's air force uniform draws Tom Cruise comparisons

Read more

THE DEBATE

Polish democracy under threat? EU warns Warsaw over judicial independence

Read more

PEOPLE & PROFIT

Game of Thrones and TV's golden age

Read more

ENCORE!

The best of the summer's exhibitions in Paris

Read more

INSIDE THE AMERICAS

Game of Thrones returns: Mega fans bask in themed pop-up bar

Read more

FOCUS

Unwanted children: 3,800 babies abandoned in South Africa every year

Read more

THE INTERVIEW

'Looking for Lenin': The search for fallen Soviet statues in Ukraine

Read more

IN THE PAPERS

From footballer to inmate: Will OJ Simpson be released?

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)