“The global economy is still in danger,” said Stephen King, chief economist at HSBC Holdings Plc. He identifies deflation, falling corporate profits and financial protectionism as the biggest threats. As for financial institutions, Deutsche Bank AG Chief Risk Officer Hugo Banziger said March 30 that the credit crisis is “far from over” and IMF Managing Director Dominique Strauss-Kahn says that recovery depends on bank balance sheets being unclogged of tainted securities.
Source : Bloomberg - Global Economic Slide May Be Easing as G-20 Gathers
