1. UK and Global Economic Insights Dr Andrew Sentance Senior Economic Adviser, PwC Hospitality and Tourism Summit 2015 London, 30 th June 2015

2. PwC The world economy in the 21 st century World GDP, US $ trillion (current prices) Source: IMF * forecast

3. PwC Asia-Pacific now the dominant region Percentage share of world GDP, current market prices & exchange rates Source: IMF World Economic Outlook

4. PwC Global growth in 2015 – latest PwC forecasts Source: PwC June 2015 projections Russia Germany UK US Brazil India Spain Key Canada Mexico South Africa Australia Japan Italy Greece Ireland France 2.2 2.4 2.8 -0.4 2.5 1.3 3.4 2.3 1.7 0.4 2.0 7.0 -1.1 2.6 7.0 1.1 -5.0 x.x = GDP growth in 2015 China

5. PwC Growth in leading EU economies Annual % GDP growth to Q1 2015 in 10 largest EU economies Source: Eurostat

6. PwC Growth over UK recovery in major business sectors % per annum increase in output, Q3 2009 – Q1 2015 Source: Office for National Statistics

7. PwC UK leads G7 on services export contribution Exports of commercial services as % of GDP, 2013 Source: World Trade Organisation and IMF

8. PwC Key issues for UK Hospitality & Tourism  Global and domestic economic stability  UK role in the EU and referendum outcome  Attractiveness of UK as business/investment location  Transport investment, particularly airport capacity  Labour availability and skill shortages  Transition to higher interest rates