EFTA Document EFTA01375001

Deutsche Bank El GT-2a. Cheap funding has resulted in large rise in debt in some cases Change in debt since 2007 (percent GDP) -10 0 10 20 30 40 50 60 70 80 90 China Malaysia Thailand Turkey Brazil Poland Russia Mexico Hungary Indonesia South Africa India Source: IMF and Deutsche Bank ■ Households ■ Nonfinancial companies Government Deutsche Bank C: Eilscha Bank RE,Year, 15 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0070018 CONFIDENTIAL SDNY_GM_