Cover Story: Where To Invest '96: The Framework: Global Outlook

TABLE: The Year Ahead In Emerging Markets

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