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ECB chief: Growth may resume in 2010

(Agencies)
Updated: 2009-03-18 16:46

PARIS - European Central Bank president Jean-Claude Trichet said Wednesday that economic growth could resume next year, although 2009 will be "very, very difficult." "2010 could be the year of a moderate resumption of growth, but that depends on us," he said on France's Europe-1 radio.

Jean-Claude Trichet, President of the European Central Bank, is seen during a news conference following the 5th high-level Eurosystem seminar with the Bank of Russia in Vienna, Austria, on March 12, 2009. [Agencies]

He said an economic recovery depends on the confidence of governments, businesses and consumers. "The essential problem is not to make predictions in an uncertain world, it is to find confidence again," Trichet said.