In 2008 the hopes of decoupling by emerging markets proved to be vain ones, and while there does appear to be an increased amount of intraregional trade, in Asia in particular, it is almost inevitable that the rest of the world will not escape unscathed.
European Central Bank: Press conference - introductory statement Introductory statement by Mr Jean-Claude Trichet, President of the European Central Bank, Frankfurt am Main, 2 March 2006. *  *  *  Ladies and gentlemen, let me welcome you to our press conference and report on the outcome of today’s meeting of the ECB’s Governing Council.