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 the main issues affecting the economy as mentioned in the text?

How has the COVID-19 pandemic been addressed according to the speaker?

What potential crisis is highlighted in the text, particularly affecting poorer countries?

What steps have central banks taken in response to the economic situation?

What is the speaker's prediction regarding the likelihood of a recession?