Deutsche Bank: Global Growth Outlook Has Deteriorated Significantly

The global growth outlook for 2016 and 2017 has deteriorated since the start of the year, and Brexit only adds to downside risks, that’s Deutsche Bank’s observation of the global macro environment. Brigewater Via JPM: Global capex as % of GDP remains elevated [CHART] In the bank’s monthly ‘The House View’ research document, which is aptly titled ‘Destination Unknown’ Deutsche’s research analysts take a look at the events in the financial world over the past 30 days and weigh in on what these developments could mean for investors. The global growth outlook has deteriorated significantly The most concerning trend highlighted…