Rest of the world.

Rest of the World

                                         GDP
                                % change on year ago

                                           LT forecast
                       latest       2004F     2005F     2006F

Belgium              1.8 Q1 '05       2.7       2.1       2.3
Canada               3.3 Q1 '05       2.8       2.8       3.0
China                9.5 Q1 '05       9.5       8.5       8.0
France               1.7 Q1 '05       2.1       1.8       2.1
Germany              1.1 Q1 '05       1.6       1.0       1.7
Hong Kong            6.0 Q1 '05       8.1       4.0       4.0
India                6.2 Q4 '04       7.3       6.7       6.4
Italy                1.0 Q4 '04       1.0       0.8       1.6
Japan                0.8 Q1 '05       2.6       0.8       1.9
Korea                3.3 Q4 '04       4.6       4.0       5.2
Netherlands         -0.3 Q1 '05       1.4       1.3       2.3
Russia               6.7 Q4 '04       7.1       5.6       5.0
Spain                3.1 Q1 '05       2.7       2.4       2.6
Switzerland          0.7 Q1 '05       1.7       1.2       1.2
United Kingdom       2.7 Q1 '05       3.1       2.7       2.6
United States        3.7 Q1 '05       4.4       3.6       3.6

                                  Consumer prices
                               % change on year ago

                                            LT forecast
                        latest      2004F     2005F     2006F

Belgium              2.6 Feb '05      1.9       2.2       2.0
Canada               2.1 Feb '05      1.8       2.1       1.9
China                4.3 Oct '04      4.0       4.0       4.5
France               1.6 Feb '05      2.3       1.8       1.5
Germany              1.8 Feb '05      1.8       1.5       1.2
Hong Kong            0.8 Feb '05     -0.4       1.0       1.1
India                4.2 Feb '05      3.8       4.0       3.6
Italy                1.9 Feb '05      2.3       1.8       1.8
Japan               -0.3 Feb '05      0.0      -0.2       0.0
Korea                3.3 Feb '05      3.6       2.9       3.0
Netherlands          1.6 Feb '05      1.4       1.4       1.1
Russia              13.0 Feb '05     11.7      14.0      10.0
Spain                3.3 Feb '05      3.1       2.7       2.4
Switzerland          1.4 Feb '05      0.8       1.2       1.3
United Kingdom       3.2 Feb '05      1.3       1.8       1.8
United States        3.0 Feb '05      2.7       2.7       2.4

                    Interest rates
                      % per year

                       Lending

Belgium             6.70 Feb '05
Canada              4.25 Feb '05
China               5.58 Feb '05
France              6.60 Jan '05
Germany             2.06 Feb '05 ([double dagger])
Hong Kong           5.00 Feb '05
India              10.75 Dec '04
Italy               2.13 Feb '05 ([double dagger])
Japan               1.72 Feb '05
Korea               5.53 Feb '05
Netherlands         2.75 Feb '05
Russia             10.60 Feb '05
Spain               2.06 Feb '05 ([double dagger])
Switzerland         3.21 Feb '05
United Kingdom      4.75 Feb '05
United States       5.49 Feb '05

                        Exchange rates
                          June 2, 2005

                    per US$            per euro

Belgium                0.82
Canada                 1.25                1.52
China                  8.27               10.09
France                 0.82                  --
Germany                0.82                  --
Hong Kong              7.78                9.50
India                 43.67               53.28
Italy                  0.82                  --
Japan                108.72              132.68
Korea                 1,015               1,238
Netherlands            0.82                  --
Russia                28.40               34.65
Spain                  0.82                  --
Switzerland            1.26                1.53
United Kingdom         0.55                0.67
United States            --                1.22

                  International reserves ([dagger])
                           US$ billions

                          latest       year ago

Belgium                 9.5 Feb'05         10.6
Canada                 35.5 Feb'05         35.9
China                 647.0 Feb'05        431.5
France                 35.6 Feb'05         29.8
Germany                48.3 Feb'05         51.1
Hong Kong             123.9 Feb'05        123.7
India                 131.5 Feb'05        105.4
Italy                  27.3 Feb'05         30.6
Japan                 829.9 Feb'05        767.1
Korea                 202.1 Feb'05        162.9
Netherlands            10.3 Feb'05          9.3
Russia                130.4 Feb'05         82.6
Spain                  11.9 Feb'05         15.7
Switzerland            56.0 Feb'05         49.8
United Kingdom         45.9 Feb'05         41.8
United States          69.1 Feb'05         73.7

                  Unemployment rates
                        % rate

                         latest

Belgium                 8.0 Feb'05
Canada                  7.4 Feb'05
China                    --     --
France                 10.2 Feb'05
Germany                14.0 Feb'05
Hong Kong               6.1 Jan-Mar '05
India                    --      --
Italy                   8.0 Q4 '04
Japan                   4.7 Feb'05
Korea                   4.0 Feb'05
Netherlands             6.4 Nov-Jan'05
Russia                   --     --
Spain                  10.2  Q1'05
Switzerland             4.1 Feb'05
United Kingdom          2.8 Feb'05
United States           5.8 Feb'05

([dagger]) Excluding gold. IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, individual countries, Oanda. LATIN TRADE