Cesar Arias Mahesh-Kumar Bukka Kaushik Das Jose Faria Roberto Fernandez Alan Fredes Arnab Ghosh Sameer Goal Alberto Iturra Alireza Kharazi Juliana Lee Gerald Leon Ramiro Lucas Danelee Masia Kubilay Ozturk Elina Ribakova Twisha Roy Daisy Sharma Jundong Zhang Zhiwei Zhang Page 110 Deutsche Ba

ialise, ii) We are not so optimistic about the outlook for the domestic economy due to the increasing burden of heavy household debt; DB economist Juliana Lee points out that the debt servicing burden on households increased from 17.2% in 2012 to 19.5% in 2013, iii) The high level of foreign ownership of