Money: Germany 'in a technical recession,' say Deutsche Bank - PressFrom - United Kingdom
  •   
  •   

MoneyGermany 'in a technical recession,' say Deutsche Bank

16:30  19 august  2019
16:30  19 august  2019 Source:   uk.finance.yahoo.com

Recession fears in focus as German investor morale nosedives

Recession fears in focus as German investor morale nosedives Recession fears in focus as German investor morale nosedives

Deutsche Bank expects the German economy to contract this quarter after recent business surveys The warning from Germany ’s biggest bank comes just days after Bundesbank President Jens 22. In its first assessment last month, the office said Europe’s largest economy dodged recession with a

Germany on brink as warning issued over Deutsche Bank . FEARS of a recession in the Eurozone are rising as Germany 's economy shows yet more signs of buckling under global and domestic financial pressures. It's the second month in a row factory output in Germany has slowed, and suggests the

Germany 'in a technical recession,' say Deutsche Bank Berlin, Germany - September 28: A German flag blows in the wind at Bellevue Castle on September 28, 2018 in Berlin, Germany. (Photo by Inga Kjer/Photothek via Getty Images)

Germany is likely in the midst of a technical recession, according to Deutsche Bank.

“We see Germany in a technical recession, as we expect another 0.25% GDP drop in Q3,” Deutsche Bank’s chief economist Stefan Schneider wrote in a note sent to clients on Friday.

A technical recession is two quarters of contracting economic activity. Deutsche Bank’s prediction comes after data last week showed the German economy shrunk by 0.1% in the second quarter, signalling “the end of a golden decade for the German economy.”

Yield Curves Invert in U.S., U.K. as `Doom and Gloom' Spreads

Yield Curves Invert in U.S., U.K. as `Doom and Gloom' Spreads The stream of investors seeking refuge in the safest parts of the market has triggered yet another recession warning, with yield curves inverting from the U.S. to the U.K. The gap between two- and 10-year yields dropped below zero on both sides of the Atlantic after a wave of soft economic data globally. Weaker-than-forecast Chinese retail sales and industrial output set the mood for the markets, with data later in the day showing Germany’s economy contracted, adding to the gloom. © Bloomberg U.S. and U.K.

Tweets. Deutsche BankVarmennettu tili. @ DeutscheBank .

This means your Deutsche Bank Card, which can be used for cashless paying and cash withdrawal, will be sent to your home address in Germany . Furthermore you can sign on for online banking , if desired.In order to use your blocked account, we need the completed and signed service application.

As a result, Deutsche Bank trimmed its forecast for full-year growth in Germany to 0.3% this year and 0.7% in 2020.

Gallery: US-China Trade War: A timeline (Photos)

Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank
Germany 'in a technical recession,' say Deutsche Bank

The investment bank warned larger downgrades to growth may be necessary if certain geopolitical factors turn against Germany. Deutsche Bank said the US-China trade conflict and Brexit were the two biggest risk factors to forecasts.

“The probability that one or more of these key assumptions might turn out differently, i.e., worse than assumed, is unusually high, in our view,” Schneider wrote. “In such a case, another reduction by a few tenth of a percentage point might not be sufficient, as we might find ourselves in a completely different scenario.”

A hard Brexit, which looks increasingly likely, would damage the German economy, as would a prolonged US-China trade war that depressed Chinese demand for German imports.

However, Schneider said these events were “unpredictable” and so Deutsche Bank was not building possible negative fallout from them into its economic forecasting models.

“Even the best attempts trying to assess the actual size of the impact need to be taken with a large grain of salt,” he wrote.

“It is probably fair to say that with respect to both events the market consensus has been much too optimistic and failed to see the permanent deteriorations in both during the last few quarters.”

Explore the issues faced by the UK’s most vulnerable children and young people this summer and discover what you can do to help.

Why the UK might already be in recession.
The UK might be in recession.

—   Share news in the SOC. Networks

Topical videos:

usr: 3
This is interesting!