Oct. 4 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said he expects moderate economic growth in the 17-nation currency bloc.
“We expect real GDP growth in the euro area to be very moderate in the second half of the year,” Trichet said in a parliamentary hearing in Brussels today. He said that growth prospects are burdened by slowing global growth rates and financial market tensions and added that risks to the growth outlook are “on the downside.”
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