Basel, Switzerand - the world economy is recovering faster than expected, central bankers of the Direction of the United Nations said Monday, while they see the dangers of the price increase food and other inflation in fast growing markets.
Recovery is particularly strong in emerging markets like China, the Brazil and the India, according to the Group of central banks which meets in Basel, Switzerland, every two months to assess the global economy.
"At the level of the global economy recovery is confirmed." There is growing, particularly I say impressive in emerging economies, "said Jean-Claude Trichet, President and CEO of the European Central Bank, a group press conference.
"In a number of cases the real economy has been shown to behave better than previous forecasts."
Among developed countries, Europe was generally delay other regions due to concerns of market on its loads heavy debt and bleak growth prospects.
Trichet, said that the group is the buoyancy of emerging markets to be particularly impressive containing inflationary pressures.
But he said record food prices could continue upward spiral, a threat to recovery, if cultures suffer from bad weather.
"This is no time of complacency and the solid anchoring of inflation expectations is regarded as something that is important to us all," Trichet told journalists. "We are all United in the goal."
Chaired by Trichet Central Bank Governors meeting on the sidelines of meetings closed by the Bank based in Basel, international regulations. None of the other participants in the press conference.
Trichet said European debt crisis, the Group of 20 nations agenda and specific nations like the Portugal problems were not discussed.
