Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

US media reacts to ebola scare

Read more

DEBATE

How to Stop Ebola: Center for Disease Control Confirms First Case of Virus in US (part 2)

Read more

DEBATE

How to Stop Ebola: Center for Disease Control Confirms First Case of Virus in US

Read more

THE INTERVIEW

I will support Hillary Clinton, will.i.am tells France 24

Read more

FOCUS

Germany: Spread of radical Islam propaganda sparks concerns

Read more

ENCORE!

Corrie Nielsen: Up and Coming Talent at Paris Fashion Week

Read more

FACE-OFF

French Senate election: A new blow for Hollande

Read more

ENCORE!

Encore's Film Show: Julie Gayet, Denzel Washington, and cartoon madness

Read more

MIDDLE EAST MATTERS

Turkey's strategy towards the Islamic State group

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)