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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (49206)	4/25/2009 10:09:59 PM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 217920

ECB's Draghi: Deflation Among Risks To World Economy (Updates with comment on IMF estimate on global financial sector losses) WASHINGTON (Dow Jones)--European Central Bank Governing Council Member Mario Draghi Saturday said that, although there were some positive signs for a global economy mired in recession, deflation remains one of the risks. "The risks are of deflation, of a worsening in the fall in output and a rise in unemployment," Draghi said when asked to specify what finance officials from the Group of Seven leading economies saw as risks to the world economic outlook. However, Draghi said there was a long list of economic indicators that looked less ugly than before. G7 finance officials said in a statement Friday that economic activity should begin to recover later this year amid a continued weak outlook, warning that downside risks persist. Draghi also said that an International Monetary Fund estimate putting overall losses for the global financial sector at $4.1 trillion was "very approximate" in the part for continental European banks. Several G7 finance ministers were skeptical about the IMF's much-too-high $4.1 trillion figure, French Finance Minister Christine Lagarde said Friday. In its study, the IMF said that continental European banks may need more fresh capital than their U.S. competitors, despite the fact that their potential losses are smaller. -By Luca Di Leo, Dow Jones Newswires; +39 335 6171960; luca.dileo@dowjones.com