‘The World Is in Trouble’: Deutsche Bank Chief Economist

Published: Wednesday, 12 Aug 2009 | 9:55 PM ET
By: CNBC.com

The global economy still faces turmoil as government try to figure out how to move out of fiscal rescue packages, which could lead to another two downturns, Deutsche Bank Chief Economist Norbert Walter said Thursday.

In addition, nervousness on the part of major dollar holders could pressure the greenback and lead to a very worrying 2010, Walter said.

Norbert said recently in research notes “the world is in trouble.