Deutsche Bank sees great dangers for the world economy and a possible failure of Merkel-coalition in the German election

An escalation of the Syrian crisis could drive oil prices higher still. This threatens the world economy as well as a massive increase in interest rates, ailing state budgets and a failure of Merkel and FDP in the general election.
The German bank currently sees seven threats to the world economy, both in Europe and in the U.S. and emerging markets:
“The emerging markets may be more vulnerable,” said the German bank in a recent study. If the Fed printing money actually slow down the outflow of capital from emerging markets could increase further. Since 1 May, fell by 5.3 percent, the currencies of emerging countries. In Turkey, South Africa, Brazil and India, the devaluation was even in double digits.
Nor was the capital outflow from emerging countries, only a slowdown, not a collapse, the German bank. Investors flee from both bonds and stocks from these countries. Instead, they invest more strongly in developed countries.
A second problem for the world economy lies in the fact that central banks can not keep interest rates low for an extended period, the German bank. Rising interest rates could threaten the recovery because of the high interest costs for companies.
A third problem, which accounts for the German bank, are the risks to U.S. consumers. They may face higher gasoline prices and rising mortgage rates.The mortgage rates have recently risen sharply in the United States by a full percentage point. Recovery in the housing market could be prevented.
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