TRICHET-GROWTH TO BE VERY MODERATE
RISKS TO GROWTH OUTLOOK TO THE DOWNSIDE
DOWNSIDE RISKS TO GROWTH FROM FINANCIAL MARKETS, ENERGY PRICES, PROTECTIONISM, GLOBAL IMBALANCES
NUMBER OF DEVELOPMENTS SEEM TO BE DAMPENING DEVELOPMENTS IN EURO AREA
SOVEREIGN DEBT MARKETS ALSO A DRAG
GROWTH RANGES HAVE BEEN REVISED DOWNWARDS
TRICHET SAYS ECB STAFF PROJECT GDP GROWTH IN 2011 IN A 1.4 TO 1.8 PCT RANGE (1.5 TO 2.3 PCT IN JUNE)
PROJECT GDP GROWTH IN 2012 IN A 0.4 TO 2.2  PCT RANGE VS 0.6 TO 2.8 PCT RANGE IN JUNE
PROJECT 2011 INFLATION IN A 2.5 TO 2.7 PCT RANGE (2.5 TO 2.7 PCT IN JUNE
PROJECT 2012 INFLATION IN A 1.2 TO 2.2  PCT RANGE VS 1.1 TO 2.3 PCT RANGE IN JUNE 
INFLATION RATES ARE LIKELY TO STAY ABOVE 2 PCT OVER COMING MONTHS, THEREAFTER FALL BELOW 2 PCT IN 2012
RISKS TO MEDIUM TERM INFLATION OUTLOOK BROADLY BALANCED