UK Faces ‘Deep, Long’ Recession: Deutsche Bank Economist

Uk faces 'deep, long' recession: deutsche bank economist

Bloomberg Markets and Finance published this video item, entitled “UK Faces ‘Deep, Long’ Recession: Deutsche Bank Economist” – below is their description.

David Folkerts-Landau, chief economist at Deutsche Bank, sees a “painful” recession ahead for the UK that could last “3 or 4 quarters” and says the pound is more likely to climb back to $1.15 than hit parity with the dollar. He speaks with Francine Lacqua on “Bloomberg Surveillance Early Edition.”

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Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange. The bank’s network spans 58 countries with a large presence in Europe, the Americas and Asia.

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