Central bank president Nout Wellink has told a press briefing on the fringes of a conference about regulation in Seoul that the risk of a double dip recession is irrelevant, news agency Dow Jones reports.

Wellink said that as far as could be determined now, the economic recovery would continue. ‘In a sense it will be irrelevant if we suffer a small setback,’ he was quoted as saying.
Wellink said he is more concerned about middle and long-term challenges, such as ending one-off fiscal and monetary measures to stimulate growth.