1. Changing International Financial Environment
From Jim O’Neill’s, Chairman, Goldman Sachs Asset Management Presentation at the City Week
London, 7 February 2012 1

2. Country Classification by 2010 GDP Share
Bangladesh
Egypt
Iran
Nigeria
Pakistan
Philippines
Vietnam
Mexico
Korea
Turkey
Indonesia
World
Growth Markets
Turkey 1%
Korea 2%
Mexico 2%
India 2%
Russia 3%
Brazil 3%
China 9%
Emerging Markets 12%
Growth Markets 23%
Indonesia 1%
Developed Markets 65%
Source: GSAM

3. GDP Forecasts

4. Change in US$ Size of GDP from 2011 to 2020
Source: GS Global ECS Research. GSAM Calculations

5. Share of Global GDP in 2020
Source: GS Global ECS Research. GSAM Calculations

6. Growth Market / Emerging Market Split 2050 Forcast
Source: GS Global ECS Research. GSAM Calculations

7. GES For Growth Markets (and US)
Source: GS Global ECS Research

8. Budget Deficits and Government Debt in Advanced Economies
Note, data are 2011 estimates apart from EMU gross govt. debt which is for 2010
Source: IMF and Eurostat

9. Budget Balances and Government Debt in the Growth Markets
Note, data are 2011 estimates
Source: IMF

10. Current Estimates for the Equity Risk Premium*
Source: GSAM Calculations