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- ECB President Jean-Claude Trichet: confirm recovery of global economy
ECB President Jean-Claude Trichet: confirm recovery of global economy
recovery particularly impressive in emerging world
Emu & many other economies have surprised on the upside
infl a general feature of emerging econs at present
not seeing emerging world's inflation in advanced economies
extremely important to keep infl expect under control
control of inflation expect calls for appropriate decisions
global unity of purpose that must deliver price stability
message for all is certainly to have sound fisc policy
seeing food, oil prices;must watch very very carefully
FDI in some cases very dynamic, helpful for recovery
short-term emerging mkt inflows sometimes a concern
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