https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377067.pdf
CIO Insights -August 2016
Tables
15
Macroeconomic
Forecasts
2016F 2017F
GDP growth (%)
U.S." 1.8 2.0
Eurozone 1.4 1.2
U.K. 1.3 0.8
Japan 0.5 0.7
China 6.3 6.0
Consumer price inflation (%)
U.S.• 1.6 1.8
Eurozone 0.3 1.6
U.K. 0.7 2.6
Japan -0.2 0.2
China 2.0 1.5
Current account balance f% of GDP)
U.S. -2.7 -2.8
Eurozone 2.9 2.7
U.K. -3.9 -3.5
Japan 2.8 2.5
China 2.5 2.5
Fiscal balance (% of GDP)
U.S. -3.0 -3.2
Eurozone -1.9 -1.9
U.K. -3.3 -3.3
Japan -6.0 -5.2
China -2.4 -2.5
F = Forecasts. Please see risk warnings for more information. Forecasts are based on assumptions, estimates, opinions and hypothetical models or
analysis which may prove to be incorrect. No assurance can be given that any forecast or target will be achieved. Past performance is not indicative
of future returns.
• For the U.S., inflation measure is core PCE Dec to Dec %. Forecast for U.S. Headline PCE IDecrDec) is 1.4% in 2016 and 1.9% in 2017.
Source: Deutsche Bank Wealth Management. As of August 1, 2016.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073608
CONFIDENTIAL SONY GM_00219792
EFTA01377067
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Add API Key in SettingsCIO Insights -August 2016
Tables
15
Macroeconomic
Forecasts
2016F 2017F
GDP growth (%)
U.S." 1.8 2.0
Eurozone 1.4 1.2
U.K. 1.3 0.8
Japan 0.5 0.7
China 6.3 6.0
Consumer price inflation (%)
U.S.• 1.6 1.8
Eurozone 0.3 1.6
U.K. 0.7 2.6
Japan -0.2 0.2
China 2.0 1.5
Current account balance f% of GDP)
U.S. -2.7 -2.8
Eurozone 2.9 2.7
U.K. -3.9 -3.5
Japan 2.8 2.5
China 2.5 2.5
Fiscal balance (% of GDP)
U.S. -3.0 -3.2
Eurozone -1.9 -1.9
U.K. -3.3 -3.3
Japan -6.0 -5.2
China -2.4 -2.5
F = Forecasts. Please see risk warnings for more information. Forecasts are based on assumptions, estimates, opinions and hypothetical models or
analysis which may prove to be incorrect. No assurance can be given that any forecast or target will be achieved. Past performance is not indicative
of future returns.
• For the U.S., inflation measure is core PCE Dec to Dec %. Forecast for U.S. Headline PCE IDecrDec) is 1.4% in 2016 and 1.9% in 2017.
Source: Deutsche Bank Wealth Management. As of August 1, 2016.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073608
CONFIDENTIAL SONY GM_00219792
EFTA01377067