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Signs of Recovery Seen in Europe

February 6, 2002

PARIS (AP) _ Europe’s economy is showing signs of recovery from a period of stagnation, Bank of France governor Jean-Claude Trichet said Tuesday.

Trichet, speaking to reporters after a meeting with French Prime Minister Lionel Jospin, also said French industrial production ``should be good″ in January this year based on a survey of business leaders.

``Month after month, we question 12,000 business leaders, and the last time we did, they told us that January should be good,″ he said, without elaborating.

``As for the whole of Europe, at this time, after a period of stagnation, we are noticing certain signs of recovery,″ said Trichet, who is also a member of the European Central Bank’s policymaking panel.

``We are starting to emerge from a period of stagnation, but we must remain prudent,″ he said.

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