Chairman of G10 central bankers Jean-Claude Trichet said the global economy is growing at a pace that is "quite robust", even if there is a slight slowdown. However, risks remain on the downside, he said, citing further increases in prices of commodity, food and oil, a significant market correction in the industrialised world, and the impact of the sub-prime crisis as threats. There must be "no complacency" with regards to the threat of inflation, or the current significant market correction that has beset the industrialised world, he told reporters after a meeting of the group of industrialised countries central bankers at the Bank of International Settlements here. However, dynamic emerging markets have in general so far been untouched by the ongoing financial turmoil, and are a positive in the current environment, Trichet said. "It is very important to know and realise that the emerging world in general was not touched... so you have a very dynamic part of the world which is untouched," he noted. But he also pointed out that economies are "inter-dependent", and that whilst emerging markets are showing "very, very impressive" dynamism, there could be impact due to this inter-connectedness. "We do have to be alert. It's not time for complacency. But it's one positive in the current situation," he said.