German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”

Summary by Ground News

Deutsche Bank AG chief executive officer Christian Sewing said that a full stop of Russian gas deliveries would tip Germany into a recession. He said that the longer inflation remains high, the greater the strain and the higher the potential for social conflict. The European Central Bank is set to sharply increase interest rates when it meets today.

Published 3 months ago · Germany Photography CNBC

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Reuters

German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”

[FRANKFURT 7th Reuters] - Deutsche Bank Chief Executive Officer Christian Zebing said on the 7th that China is a big risk to Germany. He also said that large banks are needed in Europe in order to win competition with US financial institutions. It also showed recognition that “a recession is no longer inevitable” in Germany. I mentioned it at a meeting held in Frankfurt. The CEO pointed out that it is necessary to face the “troublesome problem” …

3 months ago·United Kingdom

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Independent.ie

Deutsche Bank CEO says Germany heading for recession

Europe's largest economy is set for contraction on the back of soaring inflation, energy supply bottlenecks and the disruption to global supply chains, Deutsche Bank AG Chief Executive Officer Christian Sewing warned.

3 months ago·Ireland

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CNBC

Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China

Deutsche Bank CEO Christian Sewing has warned that a recession in Germany is inevitable, and urged the country's leaders to accelerate its decoupling from China.

3 months ago·United States

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Bloomberg

Deutsche Bank CEO Sewing Says Germany Heading for Recession

Europe’s largest economy is set for contraction on the back of soaring inflation, energy bottlenecks and the disruption to global supply chains, Deutsche Bank AG Chief Executive Officer Christian Sewing warned.

3 months ago·United States

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