Investor Presentaiton

10% 8% 6% 4% 2% 0% -2% -4% -6% Strong current account surplus Current account balance 2017 (% of GDP) Germany Netherlands Denmark Malta Iceland Sweden Ireland Slovenia Norway Luxembourg Source: European Commission Spring Forecast 2017, March 2017 Hungary Bulgaria Croatia Austria Italy Estonia Spain Belgium 12 Czech Republic Portugal Slovakia Greece Latvia Poland France Finland Lithuania Romania United Kingdom Serbia Investor presentation Mexico City

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