(3) 2% leverage ratio in the ECB stress test adverse scenario. Jernej Omahen, “Stress Test: Worst Fears Avoided; Capital Divergence Widens,” Goldman Sachs Global Investment Research, July 31, 2016. Gideon Rachman, “Marine Le Pen Looms Over a Trumpian World,” Financial Times, avember 21, 2016. Charles Lichfield, “Fillon

a. Source: Bloomberg, 114. Karen Reichgott, “Fiscal Policy: Datastream! A adest Boost to Globa Growth in 2017," Goldman . Federal Reserve Board Chair Sachs Global Investment Janet Yellen, exchange with Research, December 8, 2016. ABC News reporter Rebecca pa 5. Sources: Citi, Barclays, Morgan Jarvis, December 2015. Sta