Uncertainty for the world and European economies continue to be "very significant", said a member of the ECB Afanasios Orfanides said on Monday. Orfanides said "some positive signs, developments in financial markets and certain indicators of trust, which imply that the rate of fall of the world economy has slowed." However, he added that these signs have not seen measurable improvements in indicators of real world and European economic systems, and uncertainty continues to be very high. "
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