Money for life guide

2010/07/24

ECB Tumpel-Gugerell: economy still faces a high degree of uncertainty

Filed under: Financial Futures — admin @ 7:53 pm

European Central BankExecutive Board member Gertrude Tumpel-Gugerell Friday said the economy still faces considerable uncertainty, to restore to normal will take time and support.

Her speech in London, said the improved prospects for economic growth, rising business and consumer confidence indicators, the banking industry seems to have back on the road to recovery.

However, she stressed the need for these reforms to take advantage of current favorable conditions; She added that the job market through product and to support economic growth, reform and the need for greatly enhanced.

In her view, the economic outlook is still faced with a high degree of uncertainty.

But she said a few years out of the worst financial crisis in the outlet just around the corner, there are signs the economy Zhengzaifusu; However, the economy only Keneng normalizes the economy’s recovery Reng need Zhi Chi; therefore need to carefully evaluate all Shitai development.

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