Bloomberg News

Trichet Sees ‘Very Moderate’ Economic Growth in Second Half

October 04, 2011

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.”

To contact the reporter on this story: Gabi Thesing in London at gthesing@bloomberg.net

To contact the editor responsible for this story: Christian Vits at cvits@bloomberg.net


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