Don't miss

Replay


LATEST SHOWS

ACROSS AFRICA

South Sudan's refugee crisis has reached catastrophic proportions, the UN warns

Read more

MEDIAWATCH

'Last Night in Sweden'? Trump's comment causes confusion

Read more

THE DEBATE

Mosul Offensive: New phase in battle for Iraq's second city (part 1)

Read more

THE DEBATE

Mosul Offensive: New phase in battle for Iraq's second city (part 2)

Read more

ENCORE!

Kiwi indie heroes The Naked and Famous reflect on life after 'Young Blood'

Read more

THE INTERVIEW

France's election: 'The Russians are doing what they can to bring down Macron'

Read more

FOCUS

North Dakota: Sioux tribe stands firm against pipeline project

Read more

TALKING EUROPE

Georgian foreign minister discusses ties with EU, NATO

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)