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Europe Daily Bulletin No. 8771

26 August 2004
Contents Publication in full By article 12 / 34
GENERAL NEWS / (eu) eu/ecb
Trichet's confidence in "gradual recovery" for growth

Brussels, 25/08/2004 (Agence Europe) - The president of the European Central Bank (ECB) Jean-Claude Trichet, affirmed on Wednesday (quoted by RTL) that despite the rise in oil prices they were not questioning their confident diagnostic in a gradual recover in Europe. He indicated that he did not see a need to revise their growth forecasts downwards for the Euro zone and added that they had confidence in their ability to get prices down next year to an inflation level of less than 2%. The...

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