Indonesia Consumer Electronics Q3 2019
The combination of positive purchasing power and population growth trends, against a backdrop of relatively low deviceownership rates in Indonesia, will provide a strong foundation for sustained growth in device spending over our medium-termforecast period to 2023. This means vendors should be able to capitalise on both the flow of first-time buyers and higher valuereplacement sales as devices become more affordable in local currency terms. An economic slowdown resulting from a financialcrisis or recession in China or the US is the main downside risks.
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