Recently Released Market Study: Venezuela Consumer Electronics Report Q3 2014
The push by the government to implement the 'fair price' law in H114, which restricts vendor margins to 30%, has worsened an already weak short - term outlook for the Venezuelan consumer electronics market . The law adds to a hostile business environment and exacerbated existing challenges from currency weakness, and economic, political and security risks that are weighing on purchasing power and consumer confidence. Taking these factors into consideration, BMI forecasts a contraction in the consumer electronics market in...
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