Rest of the World.

Rest of the World

                                  GDP

                          % change on year ago

                                LT forecast

                   latest         2004   2005F   2006F

Belgium          1.4   Q2 '05      2.7     1.5     2.1
Canada           3.2   Q2 '05      2.9     2.7     2.9
China            9.5   Q2 '05      9.6     8.6     8.1
France           1.3   Q2 '05      2.1     1.6     1.9
Germany          0.6   Q2 '05      1.6     0.9     1.3
Hong Kong        6.8   Q2 '05      8.1     4.6     4.4
India            8.1   Q2 '05      7.0     7.0     7.0
Italy            0.1   Q2 '05      1.0    -0.2     1.2
Japan            3.3   Q2 '05      2.6     1.5     1.5
Korea            3.3   Q2 '05      4.6     3.7     4.7
Netherlands      1.3   Q2 '05      1.7     0.4     1.8
Russia           6.1   Q2 '05      7.3     5.7     5.5
Spain            3.4   Q2 '05      3.1     3.2     3.0
Switzerland      1.9   Q2 '05      1.7     1.1     1.6
United Kingdom   1.7   Q2 '05      3.2     2.1     2.3
United States    3.6   Q2 '05      4.4     3.6     3.2

                              Consumer prices

                           % change on year ago

                                 LT forecast

                   latest         2004   2005F   2006F

Belgium            3.1 Jul '05     2.1     1.9     6.7
Canada             2.0 Jul '05     1.8     2.0     4.3
China              1.6 Jun '05     3.9     3.0     5.6
France             1.7 Jul '05     2.2     1.6     4.7
Germany            2.0 Jul '05     1.7     1.4     2.1
Hong Kong          1.3 Jul '05     5.0     2.3     6.5
India              3.3 Jun '05     3.9     5.1    10.8
Italy              2.1 Jul '05     2.2     1.9     2.1
Japan             -0.3 Jul '05     0.0     0.2     1.7
Korea              2.5 Jul '05     3.6     3.2     5.5
Netherlands        1.6 Jul '05     1.2     1.1     2.8
Russia            13.1 Jul '05    11.7    10.0    10.0
Spain              3.3 Jul '05     3.0     2.8     2.1
Switzerland        1.2 Jul '05     0.8     1.0     3.0
United Kingdom     2.9 Jul '05     1.3     1.9     4.8
United States      3.2 Jul '05     2.7     2.5     6.3

                             Interest rates

                              % per year

                              Lending

Belgium           6.70 Jul '05
Canada            4.25 Jul '05
China             5.58 Jul '05
France            4.67 Jul '05
Germany           2.07 Jul '05 ([double dagger])
Hong Kong         6.50 Jul '05
India            10.75 May '05
Italy             2.12 Jul '05 ([double dagger])
Japan             1.68 Jul '05
Korea             5.50 Jul '05
Netherlands       2.75 Jul '05
Russia           10.00 Jul '05
Spain             2.06 Jul '05 ([double dagger])
Switzerland       3.03 Jul '05
United Kingdom    4.75 Jul '05
United States     6.25 Jul '05

                    Exchange rates

                    October 3, 2005

                 per US$   Per euro

Belgium             0.83         --
Canada              1.16       1.40
China               8.08       9.71
France              0.83         --
Germany             0.83         --
Hong Kong           7.76       9.33
India              43.89      52.78
Italy               0.83         --
Japan             113.34     136.33
Korea              1,043      1,254
Netherlands         0.83         --
Russia             28.49      34.26
Spain               0.83         --
Switzerland         1.29       1.56
United Kingdom      0.57       0.68
United States         --       1.20

                      International reserves

                          US$ billions

                 latest              year ago

Belgium              9.1 Jul '05     10.6
Canada              33.3 Jul '05     35.2
China              714.6 Jul '05    487.4
France              30.9 Jul '05     33.3
Germany             46.3 Jul '05     48.6
Hong Kong          121.9 Jul '05    118.2
India              136.0 Jul '05    114.3
Italy               25.8 Jul '05     28.3
Japan              828.8 Jul '05    809.6
Korea              205.6 Jul '05    167.9
Netherlands          9.4 Jul '05     10.5
Russia             140.9 Jul '05     84.9
Spain                9.3 Jul '05     13.0
Switzerland         35.8 Jul '05     47.3
United Kingdom      41.4 Jul '05     40.8
United States       63.6 Jul '05     70.3

                  Unemployment rates

                       % rate

                       latest

Belgium              8.1 Jul '05
Canada               6.8 Jul '05
China                --       --
France               9.9 Jul '05
Germany              9.2 Jul '05
Hong Kong            5.7 Jun-Aug '05
India                --       --
Italy                7.7  Q2 '05
Japan                4.4 Jul '05
Korea                3.7 Jul '05
Netherlands          6.6 Jul '05
Russia               --       --
Spain                9.3  Q2 '05
Switzerland          3.6 Jul '05
United Kingdom       2.8 Jul '05
United States        5.2 Jul '05

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, individual countries, Oanda, LATIN Tepee