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Global economic growth prospect still encouraging


BASEL, Switzerland, Mar 14 (AFP): Leading central bankers concluded yesterday that global economic growth prospects remained "encouraging" but stressed that the real estate market should be kept under watch, European Central Bank chief Jean-Claude Trichet said.
Trichet, who had chaired a meeting of the G10 group of top central bank governors here, told journalists afterwards that the upbeat forecast that the bankers had made in January still held.
"Global growth is there and it is encouraging."
Two months ago, at its last bi-monthly review meeting on the world economy, the G10 had said that global growth was "dynamic".