World economic recovery is strong and risks that it could be derailed are fading, top world central bankers said today.
European Central Bank President Mr Jean-Claude Trichet, spokesman for the G10 central bankers from top industrialised nations, said monetary officials thought the economic pickup now was sound.
"The sense of the meeting today was that the sustainability of the recovery at the global level was certainly not to be put in question," Mr Trichet said at a regular meeting of central bankers from the G10 and major emerging markets.
Mr Trichet's statements should help allay fears that weak US jobs data for February released last week were a sign that the US recovery is more fragile than previously thought.
Asked about the US data on Friday that showed far weaker than expected payroll jobs growth in February, Mr Trichet said the G10 had talked about how to improve job creation thoughout the world. More structural reforms and greater use of services to the household sector could help boost job growth, he said.
Mr Trichet said growth in emerging markets in Asia is impressive and it is clear that Japan is also participating in the global upswing.
Mr Trichet repeated his message to euro zone consumers and investors that their spending should not be impeded by fear of inflation because the ECB is delivering stable prices.