Projections
                                   1995    1996    1997   1998

Real GDP                            3.0     0.7     1.0    2.4
(% change from previous period)

Inflation                           5.4     3.9     2.4    2.0
(consumer prices-percent)

Unemployment                       12.0    12.1    12.3   12.0
(percent of labor force)

Current Account Balances            2.5     3.5     3.7    3.5
(percent of GDP)

Fiscal Balance                     -7.1    -6.8   -3.3   -4.1
(percent of nominal GDP)

Short-term interest rates          10.3     9.5    7.6    7.1
(percent)

Long-term interest rates           11.8     9.0    7.7    7.4
(percent)

(Sources: International Monetary Fund, April 23, 1997. Interest rate data from the Organization for Economic Cooperation and Development, December 1996)

LATEST FIGURES

                                               % change
                        period               from previous
                                         period           year
Gross Domestic Product  Q3 96              0.6             0.7
Leading Indicator       Jan. 97            2.4             5.1
Consumer Price Index    Feb. 97            0.1             2.4

                                         current     same period
                                         period        last year
Current Balance         Oct. 96            5.17            2.35
Unemployment Rate       Oct. 96            11.9            11.9
Interest Rate           Feb. 97            7.36            9.93