{"id":20398,"date":"2020-09-08T01:22:41","date_gmt":"2020-09-08T01:22:41","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=20398"},"modified":"2020-09-08T01:22:41","modified_gmt":"2020-09-08T01:22:41","slug":"deutsche-bank-ceo-warns-of-slow-return-to-pre-pandemic-economy-bfsi-news-et-bfsi","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=20398","title":{"rendered":"Deutsche Bank CEO warns of slow return to pre-pandemic economy, BFSI News, ET BFSI"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"section1\">\n<div class=\"Normal\">The economy&#8217;s return to pre-pandemic levels will take longer than generally anticipated, the chief of <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/tag\/deutsche+bank\">Deutsche Bank<\/a> warned on Wednesday.<\/p>\n<p>The <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/tag\/grim+outlook\">grim outlook<\/a> from one of <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/tag\/germany\">Germany<\/a>&#8216;s top bankers comes as many countries in Europe and beyond see rising <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/tag\/coronavirus\">coronavirus<\/a> infection rates and governments grapple with how to respond.<\/p>\n<p>Chief Executive Officer <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/tag\/christian+sewing\">Christian Sewing<\/a> forecast that the economy would not return to normal this year or next year, and that many sectors will be running at 70%-90% capacity, with &#8220;serious consequences&#8221;.<\/p>\n<p>&#8220;Many companies will have to adjust to this and manage to be profitable with longer-term lower revenues,&#8221; Sewing said at a <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/news\/banking\">banking<\/a> conference. <\/div>\n<\/div>\n<p><\/p>\n<div style=\"font-weight:bold\" class=\"site-follow-article-detail\">Follow and connect with us on <a href=\"https:\/\/twitter.com\/ETBFSI\" class=\" twitter\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" aria-label=\"Follow On Twitter\">Twitter<\/a>, <a href=\"https:\/\/www.facebook.com\/ET-BFSI-485949031940865\/\" class=\" fb\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" aria-label=\"Follow On Facebook\">Facebook<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/14599667\" class=\"linkedin\" target=\"_blank\" rel=\"noreferrer nofollow noopener\">Linkedin<\/a><\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v4.0\"><\/script><script>\n  !function(f,b,e,v,n,t,s)\n  {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n  n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n  if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n  n.queue=[];t=b.createElement(e);t.async=!0;\n  t.src=v;s=b.getElementsByTagName(e)[0];\n  s.parentNode.insertBefore(t,s)}(window, document,'script',\n  'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n  fbq('init', '905994023094530');\n  fbq('track', 'PageView');\n<\/script><br \/>\n<br \/><a href=\\\"https:\/\/bfsi.economictimes.indiatimes.com\/news\/banking\/77903201?utm_source=RSS&#038;utm_medium=ETRSS\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economy&#8217;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&#8216;s top bankers comes as many countries in Europe and beyond see rising coronavirus infection rates and governments grapple with how to respond. Chief [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20399,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-20398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/09\/deutsche-bank-ceo-warns-of-slow-return-to-pre-pandemic-economy.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/20398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20398"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/20398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/20399"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}