The Deutsche Bank labeled the car sector as a key risk, a gloomy warning of Germany’s largest lender while La Nación aligns a great expense in defense and infrastructure.
The bank pointed out the possible tariffs of the United States, a difficult economy, a slow transition to electric vehicles and China competition.
The Deutsche, who revealed the matter in his annual report, said that the sector raises a “growing risk” for the bank’s car portfolio and is being “closely guarded”.
Germany is host of some of the best-known car manufacturers in the world, such as Volkswagen and Mercedes-Benz. Volkswagen expects another difficult year.
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Defense expense promotes growth perspectives in Germany
However, investors have become more optimistic about Deutsche’s prospects after the main German politicians agreed an expense plan in defense and infrastructure that could boost the slow economy.
“Defense can be a great impulse, a positive impulse for the economy,” said bank’s executive president Christian Sewing, in a recent podcast.
In its annual report, the entity predicts an increase in income this year in its investment bank and three other main business units, putting a good face for the perspectives by 2025 despite a still weak economy and the problems of the automobile industry.
With Reuters information
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