Epstein Secrets

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n. Further exchange rate depreciation is expected to help through the ongoing adjustment process, but some large countries like Brazil, Venezuela, Colombia, and Peru do need to see a bigger correction in their current account deficits. Weaker currencies and depressed economic activity will create a gro

sales and local government land sales revenue % yoy 20 40 60 80 -60 -40 -20 0 Sep-2013 Mar-2014 Sep-2014 Mar-2015 Sep-2015 Source: CREIS, Ministry of Finance, Deutsche Bank Research SouFun land sales, value Local government land sales revenue Feb-2014 Jul-2014 Dec-2014 May-2015 Oct-2015 Source: WIND,