BMI View: Venezuela's IT market has contracted sharply in US dollar terms as a result of the severity of
the economic crisis - with the new exchange rate regime and spiralling inflation contributing to product
shortages and price rises far in excess of local wage grow ..."
BMI View: The government is hoping it can reinvigorate the local computer hardware industry through the
creation of Special Economic Zones, but at least in the short- to medium term we expect local industry and
IT market spending will be determined by the severe econo ..."
BMI View: The IT market in Venezuela plunged in US dollar value in 2015 as a result of devaluation, and
with spiralling inflation, further bolívar weakness, political risk and a low oil price we expect further
contraction in 2016 and over the medium term. We have a ve ..."