Epstein Secrets

important contributor to US GDP growth. Growth has also begun to pick up in key areas of the emerging markets, including China and Brazil. While the Eurozone economy remains weak, we expect Q3 2012 to mark the bottom, and that growth will begin to get "less bad" from Q4 2012. Equities Equity markets have

continue to tap the primary market if they ask for a support program? ¢ How much more support will Greece receive and will it be able to stay in the Eurozone next year? CIO View (Probability: 70%*) Austerity and weak growth ¢ We think the Eurozone economy troughed in 3Q. We expect flattish growth in 4Q 20

de France" and the “Autorité des Marchés Financiers". Germany: The issuer under German Law is UBS Deutschland AG, Bockenheimer Landstrasse 2-4, 60306 Frankfurt am Main. UBS Deutschland AG is authorized and regulated by the “Bundesanstalt flr Finanzdienstleistungsaufsicht". Hong Kong: This publication is distributed

36 UBS Economy The successful formation of a Greek government after the June 17 elections has reduced the risk of an imminent Greek exit from the Eurozone. However, the Euro debt crisis persists, and further reform and consolidation efforts in Spain and Italy are needed. In the US, economic data weakene

ervisory Authority (Autorité de Contréle Prudentiel). Germany: The issuer under German Law is UBS Deutschland AG, Bockenheimer Landstrasse 2-4, 60306 Frankfurt am Main. UBS Deutschland AG is authorized and regulated by the “Bundesanstalt fur Finanzdienstleistungsaufsicht”.Luxembourg: This publication is not intended

rmore, liability sovereigns explained that if the eurozone were to disband, Germany's role as the financial

mark, by Invesco Asset Management SA, 16-18 rue de Londres, 75009 Paris. Germany by Invesco Asset Management Deutschland GmbH, An der Welle 5, 60322 Frankfurt am Main. Hong Kong by Invesco Hong Kong Limited SIIB ‘Et2 4h ),41/F, Champion Tower, Three Garden Road, Central, Hong Kong. the Isle of Man and Ireland by