|
GDP
|
INFLATION |
INTEREST
RATES |
||||
|
2004 |
2005 |
2004 |
2005 |
2004 |
2005 |
|
|
UK |
3.0 |
2.5 |
2.3 |
2.4 |
4.75 |
4.25 |
|
USA |
4.1 |
3.25 |
2.6 |
2.1 |
2.25 |
3.25 |
|
EUROPE |
1.9 |
2.0 |
2.1 |
1.8 |
2.00 |
2.50 |
|
JAPAN |
3.0 |
1.8 |
-0.2 |
0.0 |
0.00 |
0.10 |
Actual & forecast interest rates at the end of each quarter 2003 - 2005 (%)
| Q1
04 |
Q2
04 |
Q304
|
Q4
04 |
Q1
05 |
Q2
05 |
Q3
05 |
Q4
05 |
|
| UK |
4.00 |
4.50 |
4.75 |
4.75 |
4.75 |
4.75 |
4.50 |
4.50 |
| USA |
1.00 |
1.25 |
1.75 |
2.25 |
2.75 |
3.00 |
3.25 |
3.25 |
| EUROPE |
2.00 |
2.00 |
2.00 |
2.00 |
2.00 |
2.50 |
2.50 |
2.50 |
| JAPAN |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.10 |
Source: Friends Provident International Ltd - ISIS
March 2005