Good afternoon and thank you for waiting. We would like to welcome everyone to Ambev's Fourth Quarter and Full Year 2011 Results Conference Call. Today with us we have Mr. Joao Castro Neves, CEO for Ambev, and Mr. Nelson Jamel, CFO and Investor Relations
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.