- "The global economy still appears to be expanding at a reasonably firm pace thanks to robust growth in emerging markets. Economic recoveries are proceeding in the US and Japan, but growth remains sluggish in Europe."
- "Our baseline view of global growth prospects for the next year and a half has not changed appreciably on balance, with some strengthening of prospects in emerging markets more than offsetting a modest downward adjustment of the outlook for industrial countries."
- "The downside risks to growth have risen appreciably of late due to a significant deterioration of financial conditions stemming from growing concerns about sovereign risk and fragility of the banking sector in Europe. In many countries recent economic indicators have been less encouraging as well."
- "A significant soft-patch in growth over the quarters ahead should come as little surprise—indeed we suggested the possibility a year ago when it seemed probable that an initial credit and fiscal led bounce in growth would be followed by a lull when these impulses faded."
- "However, for a variety of reasons outlined in the following overview, we think the risk of a dramatic slowdown or a double dip recession remains relatively small. Perhaps most importantly, private discretionary spending that is cut as the economy turns down has already been cut to the bone."
DeutscheBank World Outlook 20100702
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