Investor Presentaiton

Size of Covid-19 Related Fiscal Stimulus Relative to GDP +Japan has had the largest fiscal response relative to the size of its GDP, depending on how it's measured + *Some have argued Japan's figures are inflated, including more than strictly government coronavirus spending Fiscal Response as % of GDP Japan* United States Singapore Slovenia 54.9% 27.1% 27.1% 24.5% Guyana 23.4% Sweden 23.0% Finland 21.3% Lithuania 21.0% Germany 20.3% Austria 19.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% Source: Adam Taylor, "How the $1.9 trillion U.S. stimulus package compares with other countries' coronavirus spending," Washington Post, April 5th, 2021. 7

View entire presentation