Economic and market outlook
Gain expert perspective on the potential risks and opportunities ahead in the latest economic outlook published by our global Chief Investment Office (CIO).
Our latest reports
CIO Video Update
Annual outlook 2026 – Investing in tomorrow: opportunities and risks
Global Chief Investment Officer, Christian Nolting and the CIO team discuss where the global economy and markets may be headed – and what this could mean for investors in the year ahead.
Jan 13, 2026
PERSPECTIVES Annual Outlook
Cyclical impulses: key investment themes for Europe in 2026
Europe's story is one of cautious optimism, strategic intervention, and the search for sustainable growth. Deutsche Bank Private Bank’s CIO for Germany, Ulrich Stephan, outlines what investors should watch out for in the year ahead.
Jan 09, 2026
PERSPECTIVES Annual Outlook
Fierce competition: key investment themes for emerging markets in 2026
Deutsche Bank’s CIO for Emerging Markets, Professor Dr Jacky Tang, explores how fierce competition for critical commodities, shifting supply chains and evolving policy landscapes are shaping risks and opportunities for investors in 2026.
Jan 07, 2026
PERSPECTIVES Annual Outlook
Transformative forces: key investment themes for the US in 2026
Deepak Puri, Deutsche Bank Private Bank’s CIO for the Americas, outlines how AI-driven innovation, economic resilience, and shifting market dynamics in the US are setting the scene for recovery and opportunity in 2026 and beyond.
Jan 07, 2026
PERSPECTIVES Annual Outlook
Annual outlook 2026: Investing in tomorrow
The global economy is in flux, trade flows are shifting and new technologies are redrawing the economic map. In PERSPECTIVES 2026, we look to the year ahead across our ten key investment themes, identifying opportunities and risks for investors.
Dec 05, 2025
PERSPECTIVES Quarterly update
CIO PERSPECTIVES: Economic and asset class update – September 2025
Published following our quarterly CIO Day, this outlook provides a summary update of our economic and asset class views for the year ahead.
Sep 12, 2025
PERSPECTIVES Quarterly update
CIO PERSPECTIVES: Economic and asset class update – June 2025
Published following our quarterly CIO Day, this outlook provides a summary update of our economic and asset class views for the year ahead.
Jun 03, 2025
PERSPECTIVES Quarterly update
CIO PERSPECTIVES: Economic and asset class update – April 2025
This is an updated version of our quarterly PERSPECTIVES Economic and asset class outlook following our ad hoc CIO Day.
Apr 25, 2025
PERSPECTIVES Quarterly update
Economic and asset class update – Q2 2025
The latest quarterly update of our views includes 2025 and 2026 forecasts for GDP growth and inflation, along with 12-month targets for key policy rates and markets.
Mar 25, 2025
PERSPECTIVES Annual Outlook
Annual outlook 2025: Deeply invested in growth
In PERSPECTIVES, the Deutsche Bank investment magazine, we review the landscape for the year ahead to identify the broader issues affecting investors over both short- and long-term horizons.
Dec 10, 2024