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www.eulerhermes.us<br />
<strong>Euler</strong> <strong>Hermes</strong> Economic Outlook Global sectors review is published<br />
twice a year by the Market Managem<strong>en</strong>t, Strategic and Economic<br />
Studies Departm<strong>en</strong>t of <strong>Euler</strong> <strong>Hermes</strong><br />
800 Red Brook Blvd., Owings Mills, MD 21117 – Tel.: 877-883-3224<br />
This docum<strong>en</strong>t reflects the opinion of the Market Managem<strong>en</strong>t, Strategic and<br />
Economic Studies Departm<strong>en</strong>t of <strong>Euler</strong> <strong>Hermes</strong>.<br />
The information, analyses and forecasts contained herein are based on the<br />
Departm<strong>en</strong>t's curr<strong>en</strong>t hypotheses and viewpoints and are of a prospective nature. In<br />
this regard, the Market Managem<strong>en</strong>t, Strategic and Economic Studies Departm<strong>en</strong>t of<br />
<strong>Euler</strong> <strong>Hermes</strong> has no responsibility for the consequ<strong>en</strong>ces hereof and no liability.<br />
Moreover, these analyses are subject to modification at any time.