BMI View: Economic activity in Venezuela virtually ground to a halt in 2016, with out of control inflation
and product shortages meaning local consumers faced a dramatic reduction of affordability and product
shortages, even for basic goods. Consumer electronics dev ..."
BMI View: The economic crisis has both hit demand for devices in Venezuela and disrupted the
development of local industry. The depth of the crisis in Venezuela - with spiralling inflation, bolivar
weakness, the low oil price, regulatory risks and political uncertaint ..."
BMI View: The depth of the economic crisis in Venezuela is behind our view that it will be the
underperforming consumer electronics market globally in 2016 and over the medium term to 2020.
Spiralling inflation, bolivar weakness, the low oil price, regulatory risks an ..."
BMI View: We had downgraded our forecasts for the Venezuelan consumer electronics market in our Q4
2015 report to reflect the nature of the macroeconomic crisis the country. We have left our forecasts for the
market unchanged in our Q116 report update. We are now anti ..."