Deutsche Bank • • DC-2a. Whoever is at the helm needs to tackle faltering potential growth problem by implementing structural reforms... Potential growth rate (%) • • • • 2015-17 2000-07 4.3 • • • • • f •• • 3.3 • • • • • xzz<oce—Jww-10—IzaceImcetecoo-woz wwmwwwOqNO y=omD-Loow>,-(7=Z= 2>mco‹ - oiNocl_ =U-I--a w ycL2ww-o • Worse Better Structural score in 2013 ■ ■ I r U • • a -2 -1 Note Counines on INS chart are °reefed accoattng lo thee polenhal growth rates h 200047. On the RHO than. a structural scorn of zero represents the avenge for EM In 2007. Seem°. Deutsche Bank Singapore Hong Kong Taiwan Malaysia Korea Chile China Israel Thailand Poland Indonesia Peru Iradia Turkey Yot.ifh Mika Philippines Hungary Mexico Romania Russia Brazil Colombia Ukraine Argentina Venezuela 1 2 Deutsche Sank 33 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0070036 CONFIDENTIAL SDNY_GM_00216220 EFTA01375008