Epstein Secrets

ook 2016: Managing with less liquidity Key Economic Forecasts Advanced economies US Japan Euro area Germany France Italy Spain Netherlands Belgium Austria Finland Greece Portugal Ireland United Kingdom Denmark Norway Sweden Switzerland Canada Australia New Zealand EEMEA Czech Repu

800 1000 1200 0 2011 2012 2013 Base case 2014 2015E 2016E Risk case Note: *Mkt cap weighted BHPB, Rio, Barrick, Freeport, Alcoa, Norilsk, Alcoa, Glencore, Southern Copper, Anglo American and Vale Source: Deutsche Bank Research, Company reports, Source: Deutsche Bank Research, Bloomberg Fi

200 400 600 800 1000 1200 0 2011 2012 2013 Base case 2014 2015E 2016E Risk case Note: *Mkt cap weighted BHPB, Rio, Barrick, Freeport, Alcoa, Norilsk, Alcoa, Glencore, Southern Copper, Anglo American and Vale Source: Deutsche Bank Research, Company reports, Source: Deutsche Bank Resear

d India Bahrain Switzerland Switzerland Thailand India Denmark USA Norway USA Germany Indonesia USA USA USA Germany Japan Colombia Belgium USA India United Kingdom United Kingdom USA USA USA United Kingdom Ethiopia United Kingdom Switzerland Syria World Economic Forum Annual

or and Political Commentator Vice-President, Intel Capital and Managing Director Senior Editor-at-Large President Group Chief Financial Officer. Alcoa Global Rolled Products Chairman of the Board and Managing Officer Chief Executive Officer Chief Executive Officer Executive Chairman Albert L.

ifornia Institute of Technology (Caltech) Google Inc. Petrofac Services Ltd SouthWest Energy (HK) Ltd Islamic Relief Worldwide Alcoa Inc. USA Belgium India Colombia Brazil United Kingdom USA USA USA United Kingdom Ethiopia United Kingdom USA EFTA_R1_02105155 EFTA02707387 Jarg Asmusse

and Chief Executive Officer Director Ambassador Extraordinary and Plenipotentiary, Permanent Representative of Latvia Executive Vice-President, Alcoa, and Group President, Engineered Products and Solutions Professor Acting Chief Executive Officer Founder and Executive Director Chief Executive