2023 ECONOMIC AND CAPITAL MARKETS OUTLOOK About the author Torsten Sløk joined Apollo in August 2020 as Chief Economist, and he leads Apollo’s macroeconomic and market analysis across the platform. Prior to joining, Mr. Sløk worked for 15 years as Chief Economist at Deutsche Bank where his team was top ranked in the annual Institutional Investor survey for a decade. Prior to joining Deutsche Bank, Mr. Sløk worked at the IMF in Washington, DC and at the OECD in Paris. Mr. Sløk has a PhD in Economics and has studied at the University of Copenhagen and Princeton University. Torsten Sløk, PhD Apollo Chief Economist The information herein is provided for educational purposes only and should not be construed as financial or investment advice, nor should any information in this document be relied on when making an investment decision. Opinions and views expressed reflect the current opinions and views of the author(s) and Apollo Analysts as of the date hereof and are subject to change. Please see the end of this document for important disclosure information. 23