Boston, MA -- (ReleaseWire) -- 03/24/2014 -- In a series of actions which are likely to put wary investors even more on edge, the Venezuelan government demonstrated it has no intention of changing course or addressing the serious economic challenges that the country faces. We believe near-recessionary conditions will persist over the coming quarters, and recent changes announced in Venezuela's management of its currency are not significant enough to reverse the overarching trend towards an official devaluation, which we expect to occur in H114. The devaluation will constrain consumer purchasing power and raise the cost of imported products for local consumers. The ascension to full membership in the Mercosur trading bloc by Venezuela in July 2012 is one of the few bright spots for local and foreign companies operating in the country. This potentially opens up new opportunities in markets such as Brazil, Argentina and Uruguay, which Venezuelan companies can export consumer electronics products to, in order to boost growth. This is evident in the business strategies of Samsung, with its joint venture with the government, as well as VIT and Vtelca. Further, BMI expects an expanding population, rising disposable income and easier access to consumer credit to have positive effects on Venezuela's consumer electronics sales over the long term.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Consumer Goods research reports at Fast Market Research
You may also be interested in these related reports:
- South Africa Consumer Electronics Report Q2 2014
- Chile Consumer Electronics Report Q2 2014
- Israel Consumer Electronics Report Q2 2014
- Bulgaria Consumer Electronics Report Q2 2014
- Peru Consumer Electronics Report Q2 2014
- Philippines Consumer Electronics Report Q2 2014
- Mexico Consumer Electronics Report Q2 2014
- Turkey Consumer Electronics Report Q2 2014
- Hungary Consumer Electronics Report Q2 2014
- Czech Republic Consumer Electronics Report Q2 2014