Bloomberg: Trichet Says Central Banks See Economic Turning Point - by Meier and Jana Randow

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Trichet Says Central Banks See Economic Turning Point - by Meier and Jana Randow

European Central Bank President Jean- Claude Trichet, who chaired a meeting of global central bankers today, said investors are underestimating the potential for a return to economic growth and that the world may be approaching a turning point. “We have a number of elements suggesting that we’re approaching the moment where we’re having a pickup,” Trichet said today at a press conference in Basel, Switzerland, where he chaired the Global Economy Meeting at the Bank for International Settlements. “But we’re still at a level where the positives are not fully priced in.”