Global Outlook for Growth of Gross Domestic Product, 2012-2025 (January 2012)

*EU-15 refers to states that joined the European Union before 2004. **Other advanced economies include Canada, Switzerland, Norway, Israel, Iceland, Cyprus, Korea, Australia, Taiwan Province of China, Hong Kong, Singapore, New Zealand and Malta. ***CIS is Commonwealth of Independent States which includes all former republics of the Soviet Union, excluding the Baltic states. Source: The Conference Board Global Economic Outlook, January 2012.

Global Outlook for Growth of Gross Domestic Product, 1996-2012 (January 2012)
1996 - 2005 Distributio n of World Output 2011 US EU-15* Japan 18.6% 17.9% 5.7% GDP Growt h 3.3 2.3 1.0 3.8 Contributio n to World GDP growth**** 0.7 0.5 0.1 0.3 2006 - 2011 Projecte d GDP Growth 0.9 0.8 0.2 2.9 Contributio n to World GDP growth**** 0.2 0.2 0.0 0.2 Projecte d GDP Growth 1.8 1.4 -0.5 3.2 2011 Contributio n to World GDP growth**** 0.3 0.3 0.0 0.3 Projecte d GDP Growth 1.8 0.2 1.5 2.8 2012 Contributio n to World GDP growth**** 0.3 0.0 0.1 0.2

Other advanced* 8.2% * Advanced 50.4% Economies China India 15.8% 5.7%

2.7 8.1 6.5 3.9

1.6 0.6 0.2 0.2

1.1 10.9 8.3 5.1

0.6 1.3 0.4 0.2

1.6 9.2 7.5 5.1

0.8 1.4 0.4 0.3

1.3 8.0 6.9 5.0

0.7 1.2 0.4 0.3

Other developing 5.1% Asia Latin America Middle East Africa Central & Eastern Europe 7.8% 3.5% 3.3% 3.9%

2.8 4.5 4.5 3.8

0.2 0.1 0.1 0.1

3.8 4.8 4.9 3.3

0.3 0.2 0.2 0.1

4.1 4.8 3.8 4.2

0.3 0.2 0.1 0.2

3.6 4.0 4.8 2.5

0.3 0.1 0.2 0.1

Russia and other 4.4% CIS*** Emerging Market and 49.6% Developin g Economies World 100.0%

4.0

0.2

4.0

0.2

4.4

0.2

4.2

0.2

4.9

1.9

6.5

2.9

6.2

3.0

5.6

2.7

3.6

3.5

3.9

3.5

*EU-15 refers to states that joined the European Union before 2004. **Other advanced economies include Canada, Switzerland, Norway, Israel, Iceland, Cyprus, Korea, Australia, Taiwan Province of China, Hong Kong, Singapore, New Zealand and Malta. ***CIS is Commonwealth of Independent States which includes all former republics of the Soviet Union, excluding the Baltic states. ****The percentage contributions to global growth are computed as log differences and therefore do not exactly add up to the percentage growth rate for the world economy. Source: The Conference Board Global Economic Outlook, January 2012

Comparison of Base Scenario with Optimistic and Pessimistic Scenarios, 2012 - 2025 (January 2012)
2012 - 2016 GDP Growth in Optimistic Scenario US EU-15* Japan Other advanced** Advanced Economies China India Other developing Asia Latin America Middle East Africa Central & Eastern Europe Russia and other CIS*** Emerging Market and Developing Economies World 3.6 2.8 2.3 3.0 3.0 9.6 7.7 5.5 4.1 4.8 5.4 3.2 3.6 GDP Growth in Base Scenario 2.3 1.5 1.1 2.6 1.9 6.9 6.2 4.6 3.6 3.9 4.6 2.7 3.4 GDP Growth in Pessimistic Scenario 1.5 0.4 -0.1 2.3 1.1 3.9 4.6 3.9 3.2 3.0 3.9 1.9 3.2 GDP Growth in Optimistic Scenario 3.1 2.4 2.0 2.0 2.6 4.9 5.6 4.5 3.7 3.9 4.7 2.3 2.2 2017 - 2025 GDP Growth in Base Scenario 2.3 1.7 1.5 1.7 1.9 3.5 4.6 3.8 3.2 3.2 4.1 2.0 1.1 GDP Growth in Pessimistic Scenario 1.5 1.0 0.9 1.4 1.3 3.1 4.2 3.1 2.8 2.5 3.7 1.7 0.0 Distribution of World Output 2025 18.3% 16.1% 4.9% 7.8% 47.2% 21.8% 8.4% 4.3% 7.4% 2.7% 2.7% 2.7% 2.9%

6.5

5.1

3.6

4.3

3.3

2.8

52.8%

4.8

3.6

2.3

3.6

2.7

2.1

100.0%

*EU-15 refers to states that joined the European Union before 2004. **Other advanced economies include Canada, Switzerland, Norway, Israel, Iceland, Cyprus, Korea, Australia, Taiwan Province of China, Hong Kong, Singapore, New Zealand and Malta. ***CIS is Commonwealth of Independent States which includes all former republics of the Soviet Union, excluding the Baltic states. Source: The Conference Board Global Economic Outlook, January 2012 due to a calculation error in our November 2011 release for the estimates for some of the major emerging economy regions, the 2012 and 2013 are adjusted in January 2012