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

Four Graphs explaining how the results of the US election will impact markets
US

Four Graphs explaining how the results of the US election will impact markets

Four experts write

Investment Week
clock 19 December 2024 • 4 min read
US adds 227,000 jobs in November as unemployment rate edges up
US

US adds 227,000 jobs in November as unemployment rate edges up

Unemployment rate at 4.2%

Sorin Dojan
clock 06 December 2024 • 2 min read
US economy expands by 2.8% in Q3
US

US economy expands by 2.8% in Q3

‘In line with the preliminary estimate’

Sorin Dojan
clock 27 November 2024 • 1 min read
Trustpilot