Deutsche Bank CEO Christian Sewing urges new government to swiftly implement necessary reforms
Christian Sewing, CEO of Deutsche Bank, has called on the upcoming German government to quickly and decisively implement necessary reforms. He emphasized the importance of turning the announced plans into reality within the next 90 days, stating that “we need quick actions and quick measures” to bring about a change in sentiment. Sewing believes that if these announcements are fulfilled, it will lead to a significant improvement in the country’s mood by the second half of the year.
Despite the ongoing challenges faced by the German economy, such as the ever-changing trade policies of US President Donald Trump, Sewing warns that further announcements of tariffs could potentially push economic growth into negative territory. However, he remains optimistic about the future, expecting a significant economic upswing starting from 2026.
Reflecting on the first 100 days of Donald Trump’s presidency, Sewing acknowledges that they have largely followed the expected trajectory, with many of the administration’s initiatives being implemented, albeit with more volatility and a different tone. He sees the back-and-forth on tariffs as a clear burden on the global economy, but also views it as an opportunity for Europe to strengthen its own economy and become a stronger trading partner.
Sewing perceives German businesses as well-prepared, with strong resilience in their balance sheets and efforts to diversify their supply chains and networks. He advises investors to remain patient, have a long-term perspective and maintain a diversified portfolio in the face of market fluctuations. Despite the uncertainties in the financial markets, Sewing remains confident in the stability of the financial sector.