The European Central Bank has projected that the eurozone will register better-than-expected growth this year and in 2011, dismissing fears of a double-dip recession. The bank, however, warned that its forecasts could prove overly optimistic, the Financial Times reports.

ECB chief Jean-Claude Trichet cautioned that the risks to the outlook were “slightly tilted to the downside.” These include weaker growth “in other advanced economies,” he said.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.