Deutsche Bank maintains US recession forecast

Still ahead of the consensus

Eve Maddock-Jones
clock • 2 min read

Deutsche Bank has forecast an earlier and milder recession for the US, doubling down on its outlook for the world's largest economy.

In a research note published today (5 June), Jim Reid, head of global economics and thematic research, and David Folkerts-Landau, chief economist global head of research, said the US was "on track for its first genuine policy-led boom-bust cycle in four decades". They said this had been brought on by the "significant increase in the money supply over 2020-21", which was rolled out in response to the coronavirus pandemic. The end of US inflation but the start of growth concerns The US government's fiscal spending in the period totalled about $5trn and, according to Reid and Folkerts...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on US

Investor demand meets 'relentless supply' of record-breaking US Treasury bond sales
US

Investor demand meets 'relentless supply' of record-breaking US Treasury bond sales

Government attempts to plug debt vacuum

Eve Maddock-Jones
clock 08 February 2024 • 4 min read
Jerome Powell: Fed united in cutting rates this year
US

Jerome Powell: Fed united in cutting rates this year

Timing brings risks

Eve Maddock-Jones
clock 05 February 2024 • 2 min read
T. Rowe Price's Ritu Vohora: US small cap stocks offer strong fundamentals and cheap valuations
US

T. Rowe Price's Ritu Vohora: US small cap stocks offer strong fundamentals and cheap valuations

Soft landing prospects

Ritu Vohora
clock 01 February 2024 • 4 min read
Trustpilot