Deutsche Bank CEO: US, Europe Recession 'Likely' 2H of 2023

The speaker discusses the challenging global economic environment, highlighting the impacts of the ongoing war, COVID-19, and supply chain disruptions. They express concerns about a potential food crisis and inflation, noting the difficulty in making future predictions. The likelihood of a recession in the second half of 2023 is considered high, especially with rising interest rates. The speaker supports central banks' decisions to increase rates, emphasizing the global and European economic risks.

What are some of the global challenges mentioned by the speaker?

• The decline in global tourism

• The increase in global literacy rates

• The rise of new technology

• The ongoing war and its economic impacts

What potential issue does the speaker highlight that could affect poorer countries?

• A technological revolution

• A potential food crisis

• A decrease in global trade

• An increase in educational opportunities

What economic issue is exacerbated by China's lockdowns?

• Increased tourism

• Supply chain disruptions

• Decreased inflation

• Rising employment rates

What is the speaker's prediction regarding a global recession?

• It is unlikely to happen

• There is a 50% likelihood

• It has already started

• It will definitely happen

How are central banks responding to the economic situation?

• By maintaining current interest rates

• By increasing interest rates

• By decreasing interest rates

• By eliminating interest rates