World economy getting back to normal: Central bankers
Leading central bankers believe emerging economies are gradually dragging the world economy back to normality after a steep crisis, the president of the European Central Bank said Monday.
"At a global level... there is a confirmation of the progressive normalisation of the economy," said ECB chief Jean-Claude Trichet, speaking on behalf of the central bank chiefs.
During their first quarterly meeting of the year at the Bank for International Settlements (BIS), they concluded that a global economic recovery was underway.
"We are in the recovery mode, that is something that is very much due to the emerging economies," Trichet said.
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