ESTIMATED    FORECAST
                        GDP GROWTH    INFLATION
      
      RUSSIA/EASTERN EUROPE
      CZECH REPUBLIC          4.8%    9%
      HUNGARY                 2.7     25
      POLAND                  5.5     19
      RUSSIA                  3.0     55
      
      LATIN AMERICA
      ARGENTINA              -1.0    30
      BRAZIL                  3.8     22
      MEXICO                  3.0     45
      
      ASIA
      CHINA                   9.2     12
      INDIA                   6.0     9
      INDONESIA               7.0     10
      MALAYSIA                8.5     4
      SOUTH KOREA             7.2     6
      TAIWAN                  6.4     4
      
      DATA: BANK OF AMERICA
      
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