BLBG : Trichet Says Global Economy Showing Signs of Stabilization
Sept. 7 (Bloomberg) -- European Central Bank President Jean-Claude Trichet, who chaired a meeting of central bankers today, said the global economy is showing signs of emerging from its worst recession in more than 60 years.
Latest indicators have been better than anticipated and stabilization is “something which seems to be confirmed at the global level,” Trichet said at a press conference at the Bank for International Settlements in Basel, Switzerland. Still, “it’s not excluded that we would have a bumpy road ahead and of course alertness remains of the essence,” he said.
Trichet met in Basel with his counterparts from the world’s largest central banks including Bank of Japan Governor Masaaki Shirakawa and China’s central bank governor, Zhou Xiaochuan.
To contact the reporters on this story: Simone Meier in Basel at