(21.5%) ( %) ( %)

2018 GDP 564.3 2025 GDP 645.6 2040 GDP 790.6 39.2 (7.0%) 10.7 (1.9%) 47.8 47.4 15.3 (2.4%) (7.4%) (7.3%) 68.5 66.7 25.8 (3.3%) (8.4%) (8.7%) 49.9 62.763.1 92.594.3 (8.8%) (9.79.8%) (11.711.9%) 2018 GDP 564.3 2025 GDP 645.6 2040 GDP 790.6 39.2 (7.0%) 10.7 (1.9%) 48.7 48.3 14.6 (2.3%) (7.5%) (7.5%) 70.1 68.3 24.6 (3.1%) (8.6%) (8.9%) 49.9 62.963.3 92.994.7 (8.8%) (9.79.8%) (11.712.0%) 20401.6 2040 20253 20237 2025 3029 301 GDP 2025 0.2 0.0% 0.9 0.1%pt +0.8 + 0.1%pt 2040 0.3 0.4 0.0% 1.6 0.2%pt +1.2 + 0.2%pt 1

2018 2025 2040 56.7 39.2 10.7 7.9 6.7 121.3 140.2140.6 188.2190.0 (21.5%) (21.721.8%) (23.824.0%) 59.9 73.2 47.8 68.5 66.7 47.4 15.3 25.8 7.7 9.4 10.0 13.1 (1.2%) (1.2%) (1.2%) (1.4%) (1.5%) (1.7%) (1.9%) (2.4%) (3.3%) (10.1%) (9.3%) (9.3%) (7.0%) (7.4%) (7.3%) (8.4%) (8.7%) 188.5 190.3 (23.8 24.1%) 24.6 (3.1%) 68.3 70.1 (8.6%) (8.9%) 140.4 140.8 (21.7 21.8%) 14.6 (2.3%) 48.7 (7.5%) 48.3 (7.5%) 564.3 645.6 790.6 12.4% 12.6% 13.413.5% 8.3% 9.0% 10.110.2% 309 322 328 334 406 505 180 203 233 2018 6,580 2025 6,353 2040 823 12.5% 931 14.7% 1,065 18.8% 402 327 933 14.7% 204 233 1,068 18.9% 334 501 GDP 201821.5% 121.3 2025 21.721.8%140.2140.6 2.12.2% 204023.8 24.0%188.2 190.0 GDP 2040 1% GDP 22.623.2% 210.8 215.8 2 1 2 20253 2023 7 2025 3 3029 301 GDP GDP

30 29 2020 2027 301 2028 2 26 202826 26 2014 2 2020 GDP 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 (H30) (H31) (H32) (H33) (H34) (H35) (H36) (H37) (H38) (H39) (H40) 2.5 2.8 3.1 3.2 3.4 3.4 3.5 3.5 3.5 3.5 1.6 (%) 2.5 2.4 2.2 1.9 1.8 1.8 1.8 1.8 1.8 1.7 1.3 (%) 1.0 1.9 2.3 2.1 2.0 2.0 2.0 2.0 2.0 2.0 1.2 1.0 1.6 1.7 1.3 1.1 1.1 1.1 1.1 1.1 1.1 1.2 20183030 122 1.7% 20192027 202826 2.5% 3

2040 30 21 303 29 2040

303 29 2040 29 301 5

GDP 201821.5% 121.3 2025 21.7 21.8% 140.2140.6 15 2.12.2% 2040 23.8 24.0% 188.2190.0 20401.6 20401.2 GDP 201820.8% 117.2 2025 21.521.6% 139.0139.4 204023.523.7% 185.6187.3 201812.4% 70.2 2025 12.6% 81.281.4 204013.413.5% 106.1107.0 2018 46.9 2025 9.0% 57.858.0 2040 10.110.2% 79.5 80.3. 2018823 12.5% 2025 93193314.714.7% 204010651068 18.818.9% GDP 2040 % GDP22.6 23.2%210.8215.8 6

188.5190.3188.2190.0 (23.824.1%) (23.824.0%) 9.4 (1.2%) 9.4 (1.2%) 13.1 (1.7%) 13.1 (1.7%) 121.3 (21.5%) 6.7 (1.2%) 7.9 (1.4%) 10.7 (1.9%) 39.2 (7.0%) 140.4140.8140.2140.6 (21.721.8%) (21.721.8%) 7.7 (1.2%) 7.7 (1.2%) 10.0 (1.5%) 10.0 (1.5%) 14.6 (2.3%) 15.3 (2.4%) 48.747.8 (7.5%) (7.4%) 48.347.4 7.5% 7.3% 24.6 (3.1%) 25.8 (3.3%) +1.2 +0.2%pt 68.366.7 (8.6%) (8.4%) 1.6 70.168.5 1.6 8.9% 8.7% 0.2%pt 56.7 (10.1%) 59.9 (9.3%) 59.9 (9.3%) 73.2 (9.3%) 73.2 (9.3%) 2018 GDP 564.3 2025 GDP 645.6 2040 GDP 790.6 GDP 7

117.2 139.2139.6139.0139.4 185.9187.7185.5187.3 (20.8%) (21.6%) (21.521.6%) (23.523.7%) (23.523.7%) 70.2 (12.4%) 81.381.6 (12.6%) 46.9 (8.3%) 81.281.4 (12.6%) 57.858.0 (9.0%) 57.858.0 (9.0%) 79.680.4 (10.1 10.2%) 79.580.3 (10.1 10.2%) 106.3 107.3 (13.4 13.6%) 106.1 107.0 (13.4 13.5%) 2018 GDP 564.3 2025 GDP 645.6 2040 GDP 790.6 GDP 8

121.3 (21.5%) 6.7 (1.2%) 7.9 (1.4%) 10.7 (1.9%) 39.2 (7.0%) 149.4151.0149.3150.8 (21.121.3%) (21.121.3%) 8.4 (1.2%) 8.4 (1.2%) 10.8 (1.5%) 10.8 (1.5%) 15.7 (2.2%) 16.5 (2.3%) 50.249.3 (7.1%) (7.0%) 51.850.8 7.3% 7.2% 211.1216.210.8215.8 (22.723.2%) (22.623.2%) 11.1 (1.2%) 11.1 (1.2%) 14.8 (1.6%) 14.8 (1.6%) 27.3 (2.9%) 28.7 (3.1%) +1.4 + 0.1%pt 72.170.5 (7.7%) (7.6%) 1.6 77.275.4 1.8 8.3% 8.1% 0.2%pt 56.7 (10.1%) 64.2 (9.1%) 64.2 (9.1%) 85.9 (9.2%) 85.9 (9.2%) 2018 GDP 564.3 2025 GDP 707.3 2040 GDP 931.6 GDP 9

117.2 148.8150.4148.7150.2 207.4212.5207.1212.1 (20.8%) (21.021.3%)(21.021.2%) (22.322.8%) (22.222.8%) 70.2 (12.4%) 87.588.4 (12.4 12.5%) 46.9 (8.3%) 87.488.2 (12.4 12.5%) 61.362.0 (8.78.8%) 61.362.0 (8.78.8%) 87.690.0 (9.49.7%) 87.589.9 (9.49.6%) 119.9 122.6 (12.9 13.2%) 119.6 122.2 (12.8 13.1%) 2018 GDP 564.3 2025 GDP 707.3 2040 GDP 931.6 GDP 10

1,200 1,000 800 823 12.5% 933 931 14.7% 14.7% 1,068 1,065 18.9% 18.8% 600 334 402 406 501 505 400 200 309 327 322 334 328 0 2018 6,580 2025 6,353 2040 5,654 2 2018 2025 27 29 11

30 29 2020 2027 301 2028 2 2028 26 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 (H30 (H31 (H32 (H33 (H34 (H35 (H36 (H37 (H38 (H39 (H40 2.5 2.8 3.1 3.2 3.4 3.4 3.5 3.5 3.5 3.5 1.6 (%) 2.5 2.4 2.2 1.9 1.8 1.8 1.8 1.8 1.8 1.7 1.3 (% 1.0 1.9 2.3 2.1 2.0 2.0 2.0 2.0 2.0 2.0 1.2 1.0 1.6 1.7 1.3 1.1 1.1 1.1 1.1 1.1 1.1 1.2 20183030 22 1.7% 20192027 202826 2.5% 26 2014 2 2020 GDP 12

0.1% 0.7% 65:35 2025 2023 2025 13

GDP 2027 1 2028 26 27 29 2020 2030 2025 2020 2030 2040 2030 2030 27 14

6 236 30 311010% 15

16

140.4140.8 21.721.8 188.5190.3 23.824.1 121.3 21.5 140.2140.6 21.721.8 188.2190.0 23.824.0 56.7 10.1 59.9 9.3 73.2 9.3 :48.7 :48.3 :7.5 :7.5 :68.3 :70.1 :8.6 :8.9 39.2 7.0 :47.8 :47.4 :7.4 :7.3 :66.7 :68.5 :8.4 :8.7 14.6 2.3 24.6 3.1 10.7 1.9 15.3 2.4 25.8 3.3 7.9 1.4 10.0 1.5 13.1 1.7 6.7 1.2 7.7 1.2 9.4 1.2 139.2139.6 21.621.6 185.9187.7 23.523.7 117.2 20.8 139.0139.4 21.521.6 185.5187.3 23.523.7 52.6 9.3 58.7 9.1 70.6 8.9 :48.7 :48.3 :7.5 :7.5 :68.3 :70.1 :8.6 :8.9 39.2 7.0 :47.8 :47.4 :7.4 :7.3 :66.7 :68.5 :8.4 :8.7 14.6 2.3 24.6 3.1 10.7 1.9 15.3 2.4 25.8 3.3 7.9 1.4 10.0 1.5 13.1 1.7 6.7 1.2 7.7 1.2 9.4 1.2 564.3 645.6 790.6 17

140.4140.8 21.721.8 188.5190.3 23.824.1 121.3 21.5 140.2140.6 21.721.8 188.2190.0 23.824.0 139.2139.6 21.621.6 185.9187.7 23.523.7 117.2 20.8 139.0139.4 21.521.6 185.5187.3 23.523.7 81.381.6 12.612.6 106.3107.3 13.413.6 70.2 12.4 81.281.4 12.612.6 106.1107.0 13.413.5 39.5 7.0 44.1 6.8 53.4 6.8 :26.6 :26.3 :4.1 :4.1 22.1 3.9 :26.0 :25.8 :4.0 :4.0 :36.2 :37.2 :4.6 :4.7 :35.4 :36.3 :4.5 :4.6 6.5 1.0 11.1 1.4 4.8 0.8 6.9 1.1 11.6 1.5 1.8 0.3 2.2 0.3 3.0 0.4 2.0 0.3 2.2 0.3 2.6 0.3 57.858.0 9.09.0 79.680.4 10.110.2 46.9 8.3 57.858.0 9.09.0 79.580.3 10.110.2 13.2 2.3 14.6 2.3 17.2 2.2 :22.2 :22.0 :3.4 :3.4 17.1 3.0 :21.8 :21.6 :3.4 :3.3 :32.1 :32.9 :4.1 :4.2 :31.3 :32.2 :4.0 :4.1 8.0 1.2 13.5 1.7 5.9 1.0 8.5 1.3 14.2 1.8 6.1 1.1 7.7 1.2 10.1 1.3 4.7 0.8 5.5 0.9 6.7 0.9 564.3 645.6 790.6 18

149.4151.0 21.121.3 211.1216.2 22.723.2 121.3 21.5 149.3150.8 21.121.3 210.8215.8 22.623.2 56.7 10.1 64.2 9.1 85.9 9.2 :50.2 :51.8 :7.1 :7.3 :72.1 :77.2 :7.7 :8.3 39.2 7.0 :49.3 :50.8 :7.0 :7.2 :70.5 :75.4 :7.6 :8.1 15.7 2.2 27.3 2.9 10.7 1.9 16.5 2.3 28.7 3.1 7.9 1.4 10.8 1.5 14.8 1.6 6.7 1.2 8.4 1.2 11.1 1.2 148.8150.4 21.021.3 207.4212.5 22.322.8 117.2 20.8 148.7150.2 21.021.2 207.1212.1 22.222.8 52.6 9.3 63.6 9.0 82.2 8.8 :50.2 :51.8 :7.1 :7.3 :72.1 :77.2 :7.7 :8.3 39.2 7.0 :49.3 :50.8 :7.0 :7.2 :70.5 :75.4 :7.6 :8.1 15.7 2.2 27.3 2.9 10.7 1.9 16.5 2.3 28.7 3.1 7.9 1.4 10.8 1.5 14.8 1.6 6.7 1.2 8.4 1.2 11.1 1.2 564.3 707.3 931.6 19

149.4151.0 21.121.3 211.1216.2 22.723.2 121.3 21.5 149.3150.8 21.121.3 210.8215.8 22.623.2 148.8150.4 21.021.3 207.4212.5 22.322.8 117.2 20.8 148.7150.2 21.021.2 207.1212.1 22.222.8 87.588.4 12.412.5 119.9122.6 12.913.2 70.2 12.4 87.488.2 12.412.5 119.6122.2 12.813.1 39.5 7.0 48.3 6.8 62.8 6.7 :27.4 :28.2 :3.9 :4.0 22.1 3.9 :26.8 :27.7 :3.8 :3.9 :38.2 :40.9 :4.1 :4.4 :37.3 :40.0 :4.0 :4.3 7.0 1.0 12.3 1.3 4.8 0.8 7.4 1.0 12.9 1.4 1.8 0.3 2.5 0.3 3.4 0.4 2.0 0.3 2.4 0.3 3.1 0.3 61.362.0 8.78.8 87.690.0 9.49.7 46.9 8.3 61.362.0 8.78.8 87.589.9 9.49.6 13.2 2.3 15.3 2.2 19.4 2.1 :22.9 :23.6 :3.2 :3.3 17.1 3.0 :22.4 :23.1 :3.2 :3.3 :33.9 :36.3 :3.6 :3.9 :33.1 :35.4 :3.6 :3.8 8.7 1.2 15.0 1.6 5.9 1.0 9.1 1.3 15.7 1.7 6.1 1.1 8.4 1.2 11.4 1.2 4.7 0.8 6.0 0.9 7.9 0.9 564.3 707.3 931.6 20

2018 2025 2040 2018 2025 2040 132 144 155 132 132 140 783 790 748 783 794 104 129 171 104 121 753 162 46 56 75 46 57 76 353 417 497 353 427 509 823 [12.5%] 933 [14.7%] 1,068 [18.9%] 823 [12.5%] 931 [14.7%] 1,065 [18.8%] 309 327 334 309 322 328 334 200 402 241 501 301 334 200 406 245 505 305 12,618 12,254 11,092 12,618 12,254 11,092 15647,51659.6% 7,17058.5% 5,97853.9% 7,51659.6% 7,17058.5% 5,97853.9% 20392,69621.4% 2,47120.2% 2,15519.4% 2,69621.4% 2,47120.2% 2,15519.4% 40644,23233.5% 4,16334.0% 3,38730.5% 4,23233.5% 4,16334.0% 3,38730.5% 65 3,56128.2% 3,67730.0% 3,92135.3% 3,56128.2% 3,67730.0% 3,92135.3% 751,80014.3% 2,18017.8% 2,23920.2% 1,80014.3% 2,18017.8% 2,23920.2% 6,580 6,353 5,654 6,580 6,353 5,654 21

2018 2025 2040 2018 2025 2040 10.0% 10.8% 10.7% 11.8% 12.1% 10.0% 10.6% 10.5% 11.5% 11.8% 9.2% 10.0% 9.9% 11.1% 11.4% 9.2% 9.8% 9.7% 10.9% 11.2% 7,400 2018 8,300 8,200 8,400 8,600 7,400 8,100 8,000 8,200 8,400 5,800 2018 6,500 6,400 8,200 8,400 5,800 6,400 6,300 8,000 8,200 5,900 6,900 8,800 5,900 7,200 9,200 2018 1.57% 1.52% 1.9% 2.5% 1.57% 2.0% 2.6% 1.52% 2,800 3,300 4,200 2,800 3,500 4,400 2018 2018 2018 30 2025 2040 2018 2018 30 2018 22

2018 2025 2040 2018 2025 2040 10.0% 10.2% 10.5% 11.0% 11.8% 10.0% 10.0% 10.3% 10.8% 11.5% 9.2% 9.4% 9.7% 10.4% 11.1% 9.2% 9.2% 9.5% 10.1% 10.9% 7,400 2018 7,800 8,000 7,800 8,400 7,400 7,600 7,900 7,700 8,200 5,800 2018 6,100 6,300 7,600 8,200 5,800 6,000 6,200 7,400 8,000 5,900 6,800 8,600 5,900 7,100 9,000 2018 1.57% 1.52% 1.9% 2.5% 1.57% 2.0% 2.6% 1.52% 2,800 3,300 4,200 2,800 3,500 4,400 2018 2018 2018 30 2025 2040 2018 2018 30 2018 23