Although earlier in the recovery, it appeared that the U-3 unemployment rate was running ahead of broader indicators of slack, more recently, it has been encouraging to see other margins of slack being drawn down.
Despite a general slowdown worldwide and skyrocketing oil prices, we continue to generate growth. Our inflation numbers have indeed moved upwards and we recognize the difficulties that this brings. However, based on present commodity market conditions, we may soon see some relief. Our international reserves continue to rise, reaching $ Billion as of end-August.