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Wednesday, 02 September 2020 15:25

Deutsche Bank CEO warns of slow return to pre-pandemic economy

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The economy's return to pre-pandemic levels will take longer than generally anticipated, the chief of Deutsche Bank warned on Wednesday. The economy's return to pre-pandemic levels will take longer than generally anticipated, the chief of Deutsche Bank warned on Wednesday. The grim outlook from one of Germany's top bankers comes as many countries in Europe and beyond see rising coronavirus infection rates and governments grapple with how to respond. Chief Executive Officer Christian Sewing forecast that the economy would not return to normal this year or next year, and that many sectors will be running at 70per cent-90per cent capacity, with "serious consequences"//CNA

 

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