EFTA01379381

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Macroeconomic inclicatois for year-end 2018 Latin America Argentina Brazil Chile Colombia Mexico Peru Nom. GDP (USD bill 653 2,103 289 321 1,132 228 Inflation (YoV%1 160 38 26 32 42 22 0/N rate ••• 28 75 700 250 475 725 325 Govt. debt/GDP, % 497 766 26 7 46 1 47.3 278 Domestic 20 3 733 222 299 274 168 External 29.4 3.3 15 182: . 200 110 Total ext.debtiODP 309 269 606 419 230 372 Budget belJGDP. le -52 -74 -29 ' -33 -n 35 Growth (Sy ay.', % 07 -06 22 32 25 36 CA balJGDP, % .41 .12 .13 . 45 -22 .17 FDUGDP, % 1 5% 3 1% 3.1% 27% 13% 31% EMEA Czech Republic Egypt Hungary Israel Poland Russia South Africa Turkey Nom. GDP (USD bnl 253 268 150 379 603 1,677 396 838 Inflation (Yorle/ 22 155 26 10 24 39 49 9'.7 0/N rate *•• 0.50 18 75 003 010 150 775 675 1225 Govt. debt/GDP. % 333 99.1 706 603 508 16 1 570 793 Domestic 152 87 5 54 3 512 346 11.1 478 181 . External 182 115 162 9.1 16.3 4.9 92 112 Total ext.debt/GDP 51 5 29.1 89.7 222 724 32.5 33 6 53.5 Budget bat/GDP, 15 08 S1 .24 2.6 -25 -39 Growth 15y aryl. % 37 40 33 34 36 03 12 50 CA bal./GDP, % 04 -44 3.1 3D -17 3.1 31 -18 FDVGDP, % 2 2% 3 5% 1 3% 08% 16% -Oa% -01% 09% Asia China Hong Kong India Indonesia Malaysia Philippines Nom. GDP IIJSD 13.472 367 2,806 1059 330 329 Inflation floY%1 26 44 38 42 . 35. 3.1 0/N rate ••• 1 50 1 75 600 4.25 300 3.50 Govt. debt/GDP, % 304 48 684 306 65.7 439 Domestic 382 42 65 4 200 640 28.5 External 02 06 30 10 5 1 7 15.5 Total est debt/GDP 132 392.1 188 280 56.7 219 Budget belJGDP, 16 40 26 -30 -2.7 -28 -2 7 Growth i5y ava le 71 28 70 6.1 52 65 CA baIJGDP. 16 08 70 -1 7 -08 2.6 -2.2 FDVGDP. % 04% 68% 18% 1 6% 14% 18% Asia Singapore South Korea Sri Lanka Thailand Taiwan Vietnam Nom. GDP IUSD bnl 330 1.696 90 491 598 233 Inflation (YoY16/ 20 22 ,54 1.0 09 60 0/N rate • • • 125 I50 875 150 138 625 Govt. debt/GDP, % ' 120 6 411 788 ' 387 36.8 643 Domestic 120 6 408 449 372 388 358 External 00 04 339 ' 1.4 ' 00 28.5 Total ext.debt/GDP 442.9 247 557 316 31.0 49,4 Budget belJGDP, % 06 07 -50 -29 -07 -55 Growth 15y avgl, 15 31 30 43 2.7 2.2 62 CA bilJGDP, % • 200 4.4 -2.8 8.1 10.2 00 FDUGDP, % 127% -I.1% 1.1% 08% -2.2% 5.2% '" Current OierrugnIRate Son Puma* At Deutsche Bank Securities Inc. Page 5 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0076808 CONFIDENTIAL SDNY_GM_00222992 EFTA01379381