All global indices have bounced from the lows of late December due to prices being oversold. However, the fundamental haven’t changed…economies around the world are decelerating.
Forget the ongoing trade war and China’s slowing growth — Deutsche Bank thinks “the biggest risk to the global economy comes from Europe.”
“The German manufacturing sector is flirting with recession and the Italian economy is in outright contraction. The ECB is unlikely to shift policy substantively in the near-term, leaving the economy fragile and exposed.”
Deutsche Bank expects GDP growth of just 0.9% in 2019. As a result of this fragility, Deutsche Bank fears that a
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