Senior economist warns of ‘triple-dip’ threat
The global economy could be hit by more turbulence over the next two years in a triple-dip recession, Deutsche Bank’s former chief economist has said in an interview with Credit.
Norbert Walter, who since retiring from Deutsche Bank last December runs his own consultancy Walter & Daughters, warned the second dip will come later this year, and will affect countries that did not allow private-sector job cuts in the post-Lehman crisis of late 2008 and early 2009.
The third dip, expected in 2011
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