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      9.5      8.6      8.1
France                1.3 Q2 '05      2.1      1.6      1.9
Germany               0.6 Q2 '05      1.1      0.9      1.3
Hong Kong             6.8 Q2 '05      8.1      4.6      4.4
India                 8.1 Q2 '05      6.9      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      7.2      5.7      5.5
Spain                 3.4 Q2 '05      3.1      3.2      3.0
Switzerland           1.9 Q2 '05      2.1      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   Aug '05       2.1       2.4       1.9
Canada                   2.6   Aug '05       1.8       2.1       2.0
China                    1.3   Aug '05       3.9       3.3       3.0
France                   1.8   Aug '05       2.2       1.7       1.6
Germany                  1.9   Aug '05       1.7       1.6       1.4
Hong Kong                1.3   Aug '05      -0.4       1.7       2.3
India                    3.4   Aug '05       3.8       5.0       5.1
Italy                    2.0   Aug '05       2.2       2.0       1.9
Japan                   -0.3   Aug '05       0.0      -0.2       0.2
Korea                    2.0   Aug '05       3.6       3.1       3.2
Netherlands              1.8   Aug '05       1.2       1.4       1.1
Russia                  12.6   Aug '05      11.7      14.0      10.0
Spain                    3.3   Aug '05       3.0       3.1       2.8
Switzerland              1.0   Aug '05       0.8       1.1       1.0
United Kingdom           2.8   Aug '05       1.3       1.9       1.9
United States            3.6   Aug '05       2.7       3.0       2.5

                 Interest rates                         Exchange rates
                 % per year                             November 8, 2005

                  Lending                             per US$  per euro

Belgium           6.70   Aug '05                      0.85           --
Canada            4.25   Aug '05                      1.19         1.40
China             5.58   Aug '05                      8.08         9.54
France            4.57   Aug '05                      0.85           --
Germany           2.08   Aug '05 ([double dagger])    0.85           --
Hong Kong         6.75   Aug '05                      7.75         9.15
India            10.75   Jul '05                     45.78        54.06
Italy             2.13   Aug '05 ([double dagger])    0.85           --
Japan             1.66   Aug '05                    117.60       138.90
Korea             5.50   Aug '05                     1,047        1,236
Netherlands       2.75   Aug '05                      0.85           --
Russia           10.50   Aug '05                     28.77        33.97
Spain             2.07   Aug '05 ([double dagger])    0.85           --
Switzerland       3.03   Aug '05                      1.31         1.54
United Kingdom    4.50   Aug '05                      0.57         0.68
United States     6.44   Aug '05                       --          1.18

                         International
                       reserves ([dagger])       Unemployment rates
                          US$ billions                % rates

                        latest         year ago        latest

Belgium              9.1   Aug '05       10.6       8.0     Aug '05
Canada              34.2   Aug '05       35.8       6.7     Aug '05
China              756.6   Aug '05      500.6        --        --
France              31.9   Aug '05       32.2       9.9     Aug '05
Germany             45.4   Aug '05       48.4       9.4     Aug '05
Hong Kong          122.3   Aug '05      118.4       5.5   Jul-Sep '05
India              139.5   Aug '05      114.0        --        --
Italy               26.3   Aug '05       27.4       7.7     Q2 '05
Japan              837.1   Aug '05      817.9       4.3     Aug '05
Korea              206.6   Aug '05      170.4       3.6     Aug '05
Netherlands          9.4   Aug '05       10.4       6.6     Aug '05
Russia             146.0   Aug '05       84.9        --        --
Spain                9.3   Aug '05       13.0       9.3     Q2 '05
Switzerland         36.0   Aug '05       48.2       3.6     Aug '05
United Kingdom      41.4   Aug '05       41.2       2.8     Aug '05
United States       61.2   Aug '05       71.6       4.9     Aug '05

([dagger]) Excluding gold, IMF definition.

([double dagger]) Money market rate.

SOURCE: IMF, individual countries, Oanda, LATIN TRADE