Global economic growth 'robust', inflation risks remain: Trichet
Global economic growth is robust but inflation risks remain as markets absorb the impact of the US subprime crisis and higher food prices, says the European Central Bank chief.
By Agencies |
BASEL: Global economic growth is "robust" but inflation risks remain as markets absorb the impact of the US subprime crisis and higher food prices, European Central Bank chief Jean-Claude Trichet said on Monday.
"Food is a very big problem" stoking inflationary pressures, along with higher energy costs, stock market corrections and the risks of protectionist trade policies, Trichet said in his role as spokesman for the G10 group of central bankers meeting here.
"Food is a very big problem" stoking inflationary pressures, along with higher energy costs, stock market corrections and the risks of protectionist trade policies, Trichet said in his role as spokesman for the G10 group of central bankers meeting here.
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