Deutsche Bank CEO Christian Zieving warned that the return of the economy to pre-pandemic levels will take longer than is generally expected.
According to Arabiya Net, Zifeng expected that the economy will not return to normal this year or next year, and that production capacity in many sectors will range between 70% and 90% with Serious consequences.
he said at a banking conference that many companies will have to come to terms with this and be able to become profitable with less revenue in the longer term.
The gloomy expectation of one of the most prominent bankers in Germany comes at a time when many countries in Europe and abroad are witnessing increased rates of infection with the Coronavirus, and while governments face difficulty in determining ways to confront it. < / p>
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