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Rest of the world.

Latin Trade • August, 2005 • INDICATORS

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


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