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Rest of the world.


Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE

Rest of the World

                                     GDP
                             % change on year ago

                                       LT forecast

                      latest       2006     2007F     2008F

Belgium             2.9  Q4 '06     2.9      2.3       2.1
Canada              2.3  Q4 '06     2.7      2.5       3.0
China              10.4  Q4 '06    10.7      9.6       8.7
France              2.2  Q4 '06     2.0      2.2       2.2
Germany             3.7  Q4 '06     2.9      2.3       2.3
Hong Kong           7.0  Q4 '06     6.0      5.5       --
India               8.6  Q4 '06     8.7      7.7       7.2
Italy               2.8  Q4 '06     2.0      1.9       1.6
Japan               2.3  Q4 '06     2.9      2.0       2.0
Korea               4.0  Q4 '06     5.0      4.4       4.6
Netherlands         2.7  Q4 '06     2.9      2.9       2.4
Russia              7.8  Q4 '06     6.7      7.0       7.0
Spain               4.0  Q4 '06     3.9      3.6       2.9
Switzerland         2.2  Q4 '06     2.7      1.9       1.8
United Kingdom      3.0  Q4 '06     2.8      2.7       2.6
United States       3.5  Q4 '06     3.2      2.4       2.7

                                  Consumer prices
                          % change on year ago % per year

                                            LT forecast

                       latest          2006    2007F    2008F

Belgium              1.8  Feb '07       1.6     1.7      1.8
Canada               2.0  Feb '07       1.6     1.5      2.0
China                2.2  Jan '07       1.5     2.2       --
France               1.0  Feb '07       1.9     1.4      1.8
Germany              1.6  Feb '07       1.8     1.8      1.3
Hong Kong            0.8  Feb '07       2.3     2.5       --
India                7.6  Feb '07       5.6     5.3       --
Italy                1.8  Feb '07       2.2     1.9      1.9
Japan               -0.2  Feb '07       0.3     0.3      0.8
Korea                2.2  Feb '07       2.5     2.9      3.0
Netherlands          1.4  Feb '07       1.7     1.4      2.3
Russia               7.7  Feb '07       9.0     8.5      8.0
Spain                2.4  Feb '07       3.6     2.6      3.1
Switzerland          0.0  Feb '07       1.1     0.6      1.2
United Kingdom       4.6  Feb '07       2.3     2.1      1.8
United States        2.4  Feb '07       2.5     2.3      2.3

                    Interest rates
                      % per year

                       Lending

Belgium              8.25  Feb '07
Canada               6.00  Feb '07
China                6.39  Feb '07
France               6.98  Feb '07
Germany              3.56  Feb '07 ([double dagger])
Hong Kong            7.75  Feb '07
India               12.00  Jan '07
Italy                3.82  Feb '07 ([double dagger])
Japan                1.79  Feb '07
Korea                6.30  Jan '07
Netherlands          4.25  Feb '07
Russia               9.90  Feb '07
Spain                3.55  Feb '07 ([double dagger])
Switzerland          3.04  Feb '07
United Kingdom       5.25  Feb '07
United States        8.25  Feb '07

                                                   International
                       Exchange rates           reserves ([dagger])
                        May 11, 2007                US$ billions

                    per US$   per euro        latest         year ago

Belgium                0.74         --       9.0  Feb '07         8.9
Canada                 1.11       1.50      36.2  Feb '07        32.6
China                  7.68      10.39     1,159  Feb '07       856.2
France                 0.74         --      43.8  Feb '07        29.4
Germany                0.74         --      41.7  Feb '07        43.2
Hong Kong              7.82      10.55     136.2  Feb '07       125.6
India                 41.24      55.76     187.7  Feb '07       136.6
Italy                  0.74         --      27.2  Feb '07        26.1
Japan                120.18     162.53     888.7  Feb '07       836.4
Korea                   924      1,250     242.7  Feb '07       215.9
Netherlands            0.74         --      10.1  Feb '07         9.3
Russia                25.82      34.91     305.9  Feb '07       189.0
Spain                  0.74         --      10.7  Feb '07         9.7
Switzerland            1.22       1.65      37.6  Feb '07        35.3
United Kingdom         0.50       0.68      42.4  Feb '07        37.0
United States            --       1.35      55.0  Feb '07        54.3

                   Unemployment rates

                        % rate

                        latest

Belgium               7.7  Feb '07
Canada                6.5  Feb '07
China                  -- --
France                8.4  Feb '07
Germany              11.3  Feb '07
Hong Kong             4.3 Jan-Mar '07
India                  --  --
Italy                 6.5  Q4 '06
Japan                 4.1  Feb '07
Korea                 3.6  Feb '07
Netherlands           5.1  Dec- Feb '07
Russia                 --  --
Spain                 8.5  Q1 '07
Switzerland           3.2  Feb '07
United Kingdom        3.1  Feb '07
United States         4.9  Feb '07

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, Individual countries, Oanda, OECD, LATLN TRADE
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Title Annotation:INDICATORS
Publication:Latin Trade
Date:Jul 1, 2007
Words:8976
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