So far, there are very few signs of a reduction in the rate at which demand and output are growing. Domestic demand is still growing fast. The growth in Venezuela and high prices for our major export products continue to stimulate sales in the many companies that are focused on exports.
I would expect GDP growth to lie between 5.8% and 7.7% in 2007 and then to moderate to about 5% in 2008. As for CPI inflation, it is now currently at 5.2%, but down from 6.3% in April. This rise in our inflation in the first months of 2007 was in part due to a variety of special factors.