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Wave of defaults looming – Deutsche Bank
Aggressive monetary tightening by central banks threatens the global economy, according to strategists A cycle of boom and bust will return this year and a wave of corporate debt defaults is imminent, particularly in the US and Europe, Deutsche Bank has warned. According to the bank’s annual study released on Wednesday, defaults by companies will become more commonplace compared with the last 20 years. Deutsche expects default rates to peak in the fourth quarter of 2024. The bank projected peak default rates to reach 9% for US high-yield debt, 11.3% for US loans, 4.4% for European high-yield bonds, and 7.3% for Eu

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