Epstein Secrets

Acceleration is Underway Manufacturing Slowdown 20 30 40 50 60 70 80 Vehicle Sales Strong Footnotes: Data as of December 30, 2015. Source: FactSet, Deutsche Bank Wealth Management. Manufacturing remains the weak segment of the U.S. economy The broad Manufacturing Index and production are both in contraction territory (a leve

ittee Forecasts January 2016 GDP Growth in % World USA Euroland UK Japan China Inflation in % USA (core PCE) Euroland UK Japan China Curr Acct Balance in % of GDP USA Euroland UK Japan China Fiscal Balance in % of GDP USA Euroland UK Japan China Key Interest Rates USA (Fed funds) Eur

er 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as of March 25, 2016. Data as of March Source: FactSet, Deutsche Bank Wealth Management. Global Sovereign Yields Highly Correlated Production Cuts Good; More Needed The ECB's aggressive central bank actions have pushed sovereign rates

t Forecasts March/April 2016 GDP Growth in % World USA Euroland UK Japan China Inflation in % USA (core PCE) Euroland UK Japan China Curr Acct Balance in % of GDP USA Euroland UK Japan China Fiscal Balance in % ofGDP of GDP USA Euroland UK Japan China KI t -2.8% -1.9% -3.3% -6.0%

er 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as of March 25, 2016. Data as of March Source: FactSet, Deutsche Bank Wealth Management. Global Sovereign Yields Highly Correlated Production Cuts Good; More Needed The ECB's aggressive central bank actions have pushed sovereign rates

t Forecasts March/April 2016 GDP Growth in % World USA Euroland UK Japan China Inflation in % USA (core PCE) Euroland UK Japan China Curr Acct Balance in % of GDP USA Euroland UK Japan China Fiscal Balance in % ofGDP of GDP USA Euroland UK Japan China KI t -2.8% -1.9% -3.3% -6.0%