2013 will be less turbulent than 2012: Deutsche Bank CEO Jain
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) co-chief executive Anshu Jain said he sees less turbulent times ahead for the banking industry, thanks to a more stable euro zone.
"We see positive signals in the business outlook. The U.S. fiscal cliff is still a source of potential uncertainty, but other indicators in the U.S. economy are still positive," Jain told journalists gathered in Frankfurt at the bank's annual press conference.
"Structural debt levels in mature economies are still high, and Asia will continue to contribute to the bulk of the world's growth; but overall we foresee less turbulent conditions in 2013 than in the past two years."
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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