EFTA Document EFTA01459561

1 Global Economy No Peloton in the Tour de Global Economy escb 2015: +2.2% 2016: +2.4% Leader of the pack. p After six plus years of recovery and expansion. U.S. enters late stage of business cycle. ,Stuck in neutral. Looking for a way to breakout. r Unemployment above U.S. Widest margin since Eurozone created. •••••••, • • • • • • • •••••• • 2015: +0.8% • • 2016: +1.2% II • • • • • • • • • • • 0 • • • • • • • • )>Spinning its wheels. I ), Today's economy is same s