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achs do Brasil Banco Multiplo S.A. as to the opportunities available to our private wealth management clients. In connection with its distribution in the United Kingdom, this material has been issued and approved by Goldman Sachs International which is authorised by the Prudential Regulation Authority and regulated b
Page: HOUSE_OVERSIGHT_026921 →equities. HOUSE_OVERSIGHT_026920 --- PAGE BREAK --- Sources: Investment Strategy Group, Bank for International Settlements, Bloomberg, Datastream, Goldman Sachs Global Investment Research, Haver, International Monetary Fund, Teneo Intelligence. Endnotes: (1) Kate Davidson and Sarah Chaney, “Fed Chair Powell Sees ‘R
Page: HOUSE_OVERSIGHT_026921 →not provide accounting, tax or =egal advice to its clients. Legal Entities Disseminating this =aterial. This=material has been approved for issue in the United Kingdom solely for =he purposes of Section 21 of the Financial Services and Markets Act =000 by Goldman Sachs International, Peterborough Court, 133 Fleet
stment Strategy Group. =/b>The =nvestment Strategy Group ("ISG") is part of the Investment Management =ivision of Goldman Sachs and is not a part of Goldman Sachs Global =nvestment Research. Information and opinions expressed by individuals =ther than Goldman Sachs employees do not necessarily reflect the view =f Gol
a Activity Indicator 2000 2002 2004 2006 2008 2010 2012 2014 2016 Data through 03 2016. Source: Investment Strategy Group, Emerging Advisors Group, Goldman Sachs Global Investment Research. both China and the US, such as Korea, Taiwan and Malaysia, would be particularly vulnerable. While the net effect of these comp
Page: HOUSE_OVERSIGHT_014579 →obtain your own independent tax advice based on your particular circumstances. Distributing Entities. This material has been approved for issue in the United Kingdom solely for the purposes of Section 21 of the Financial Services and Markets Act 2000 by GSI, Peterborough Court, 133 Fleet Street, London EC4A 2BB; b
Page: HOUSE_OVERSIGHT_014618 →Entities connected to both United Kingdom and Goldman Sachs Global

Donald Trump
PERSON
Barack Obama
PERSON
John F. Kennedy
PERSON
Marc Rich
PERSON
European Union
ORGANIZATION
U.S. Treasury
ORGANIZATION
Goldman Sachs
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
Chile
LOCATION
Seoul
LOCATION
United Arab Emirates
LOCATION
Federal Reserve
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Rupert Murdoch
PERSONThe Monetary Authority of Singapore
ORGANIZATION
Goldman Sachs International
ORGANIZATION
the European Commission
ORGANIZATIONNicholas
PERSONGoldman Sachs Canada
ORGANIZATION
Datastream
ORGANIZATION