Demand For Electronics Products In Latin America To Grow

We expect a boost in certain consumer electronics spending in 2014, as the hosting of the FIFA World Cup should provide additional demand for digital cameras, TV sets and smartphones. It will also grow as incomes rise and device prices decline, deepening the market. However, in 2013 the market was hit by currency weakness and high household indebtedness, and this is expected to continue in 2014, but with some improvement.

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