This report comes from the Financial Times:
The global economic recovery is regaining momentum in spite of the negative impact of high oil prices, central bank governors from the G10 group of industrial countries said on Monday.
"Most recent indicators suggest some strengthening in the beginning of the third quarter," said Jean-Claude Trichet, chairman of the G10 group of central bankers and president of the European Central Bank, after a meeting in Basel, Switzerland.
All that, and no inflation neither:
Mr Trichet said the central bank governors were confident that global inflationary expectations were "on track - namely that we maintain price stability".
But I guess not everyone is convinced by this endorsement:
"It is interesting to see central bank governors wearing rose-tinted glasses," said Holger Schmieding, economist at Bank of America. "Whatever they talk about . . . they seem to be explicitly endorsing the optimistic version."
I don't actually own any rose-tinted glasses, but I understand they are a lot like beer goggles.