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In a report released on Wednesday, Deutsche Bank warned that a wave of corporate defaults was looming. The U.S. is expected to be more affected than Europe.
Its strategists predict that credit losses in the U.S. will increase steadily over the next year before accelerating in 2024.
Our cycle indicators indicate that a default wave will soon be upon us. The
Fed and ECB tighten policy
Investors closely follow the annual Deutsche Bank default study.