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North
America
Europe
EMERGING
MARKETS
INVESTMENT
PERSPECTIVES
4 Asia/EM Equity Strategy
Upgrade South Africa to EW and
Downgrade Mexico to UW
Jonathan Garner
10 Idonesia Economics
Starting a New Credit Cycle
Deyi Tan, Chetan Ahya, Shweta Singh
40 TMK
Russian Play on Strong US Drilling
Market Recovery
DmitiKolomytsyn, Timur Salikhov
Strategy and Economics
4 Asia/EM Equity Strategy
Upgrade South Africa to EW and Downgrade
Mexico to UW
Jonathan Garner
6 Brazil Economics
Inflation Pressures?
Marcelo Carvalho
8 C