EFTA Document EFTA01458594

Nine positions Our key forecasts Pace of global economic growth is likely to slow down for a while. U.S. Federal Reserve Board (Fed) postpones rate hike and the pace of subsequent increases will be slow. Oil prices climb as slowly as output capacity contracts. 4, rt • sfu.:Set ss 22 ti!2. rl! ; u.- -.1‘, Aszt 7;ts =Mr:, itYr.: E, Important terms are explained in our glossary. Past performance is not indicative of future returns. No assurance can be given that any forecast, in