Trichet raises eurozone growth forecast

Author (Person)
Series Title
Series Details 3.9.10
Publication Date 03/09/2010
Content Type

The European Central Bank said on the 3 September 2010 that eurozone growth in 2010 would be much stronger than previously expected, but betrayed worries about the outlook by warning that its forecasts could prove over-optimistic and extending into 2011 the supply of emergency liquidity to the region’s banks.

Official borrowing costs in the eurozone were left at record lows for the 16th consecutive month as the European Central Bank stuck to its cautious stance on the region’s economic prospects.

Related Links
ECB: Press Release, 2.9.10: Monetary policy decisions http://www.ecb.int/press/pr/date/2010/html/pr100902.en.html
ECB: Press Release, 2.9.10: Introductory statement by Jean-Claude Trichet, President of the ECB (et al) http://www.ecb.int/press/pressconf/2010/html/is100902.en.html
BBC News, 2.9.10: ECB raises eurozone growth forecasts http://www.bbc.co.uk/news/business-11166680
BBC News, 2.9.10: Eurozone growth of 1% confirmed http://www.bbc.co.uk/news/business-11162503

Subject Categories
Countries / Regions