Commerzbank CFO Engels Says 2020 Profit Depends on Overhaul Cost Timing

The transcript discusses the realistic approach and strategic decisions made by Commerzbank in response to market conditions. It highlights the focus on growth through customer and asset expansion, despite slower economic growth and potential recession. The bank's strategy includes minimizing deposit growth and redirecting investments to existing customers. The discussion also touches on the impact of interest rates and the importance of profitability and restructuring.

What factors could influence whether Germany experiences a technical recession?

What role does government investment play in the current economic situation as mentioned in the text?