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61 2,4 1.3 Bulgaria 1.7 1.0 1.5 Czech Republic 1.7 -1.1 0.9 -3.1 -0.8 Hungary 1.6 -12 0.5 -3.5 09 Poland 4.3 2.3 1.81 2.4 11 Romania 2.5 00 0.8 0.5 1$ Russa 4.3 3.6 3.0 3.7 IS Turkey 8.5 2.8 3/ Global 3.0 2.4 2.5 3.0 1.8 Developed markets 1.3 1.2 1.0 1.7
: J.P. Morgan Casa de Bolsa. S.A. de Morgan Grope Financiero is a member of the Mexican Stock Exchange and authorized to act as a broker dealer by the National Banking and Securities Exchange Commission. Singapore: This material is issued and distributed in Singapore by J.P. Morgan Securities Singapore Private Limited (JPMSS) [MICA (P) 0880472012 an
08 -12 -13 21 1.0 43 24 34 29 24 Hungary 6 12 0.5 3.5 -0.9 -1.0 -10 1.0 15 8 44 55 58 47 Poland 43 23 1.61 24 16 0.5 0.5 4 1.34 23. 3.0. 46 40 3.1 25 Romania 25 0.0 0.8 0.5 1.9 -24 12 1.2 -0.4 3.2 34 1.9 47 64 Russia 43 3.6 3.0 37 15 1.01 3.0 35 3.0 40 67 3.8 6.8 T 14 Turkey 85 28 37 92 94 7.3 7.5 T Global
Page: HOUSE_OVERSIGHT_026577 →organ Casa de Bolsa, S.A. de C.V., J.P. Morgan Grupo Financiero is a member of the Mexican Stock Exchange and authorized to act as a broker dealer by the National Banking and Securities Exchange Commission. Singapore: This material is issued and distributed in Singapore by J.P. Morgan Securities Singapore Private Limited (JPMSS) [MICA (P) 088/04/2012 an
Page: HOUSE_OVERSIGHT_026578 →ica/Middle East Israel South Africa Europe Euro area Germany France Italy Spain United Kingdom Emerging Europe Bulgaria Czech Republic Hungary Poland Romania Russia Turkey Global Developed markets Emerging markets Source: J.P. Morgan 6 1.8 2.6 8.9 2.7 5.9 6.6 8.0 3.9 6.9 5.7 4.2 4.7 -0.5 2.4 1.4 7.4 9.3 4.
Page: HOUSE_OVERSIGHT_030853 →organ Casa de Bolsa, S.A. de C.V., J.P. Morgan Grupo Financiero is a member of the Mexican Stock Exchange and authorized to act as a broker dealer by the National Banking and Securities Exchange Commission. Singapore: This material is issued and distributed in Singapore by J.P. Morgan Securities Singapore Private Limited (JPMSS) [MICA (P) 088/04/2012 an
Page: HOUSE_OVERSIGHT_030854 →Entities connected to both Romania and the National Banking and Securities Exchange Commission

Hungary
LOCATION
Bulgaria
LOCATION
Czech Republic
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United States
LOCATION
Malaysia
LOCATION
Philippines
LOCATION
Barack Obama
PERSON
New Zealand
LOCATION
Venezuela
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Columbia University
LOCATION
Chile
LOCATION
Bill Clinton
PERSON
Ecuador
LOCATION
Eric Trump
PERSON
Uruguay
LOCATION
Eric Holder
PERSON
JPMorgan Chase
ORGANIZATION
Condoleezza Rice
PERSONthe Central Bank of Brazil
ORGANIZATION
Saudi Arabia
LOCATION