Senior economist warns of ‘triple-dip’ threat

Norbert Walter, ex-Deutsche Bank chief economist

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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