Growing Inflation and Rising Interest Rates Will Make a Recession More Likely: Deutsche Bank Officials

A man is seen leaving the U.S. headquarters of Deutsche Bank in New York City on July 8, 2019. Angela Weiss/AFP/Getty Images

Western economies in Europe and the United States are facing a greater likelihood of recession as their central banks aggressively tighten monetary policy to combat inflation, according to Deutsche Bank CEO Christian Sewing in a June 24 interview on CNBC.