Early signals of an easing of economic problems coincided with early presidential election campaigning. Two major problems – the exchange rate and shrinking real sector – seem to have already hit bottom, at least for the next half year. Although we now think of these factors as tendencies, not risks (at least in the near-term), we need to watch for other deepening problems. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.