Wellink confident about global economy

NETHERLANDS - The global economy looks set for a recovery after a slowdown last year, but Japan's economy and the US current account deficit pose downside risks, Dutch Central Bank (DNB) president Nout Wellink said.

Wellink, a member of the European Central Bank (ECB) also called for structural reforms of Europe's labour market. Wellink's comments in connection with the release of the DNB's annual report, echoed Tuesday's statement by ECB President Wim Duisenberg, who questioned the strength o