Iran Consumer Electronics Q2 2019
We have made negative revisions to the Iranian consumer electronics forecast in the latest Q219 update to account forthe Trump administration’s abandonment of the Iran nuclear agreement in H218. We are forecasting weak headline economicperformance including a recession in 2019, strong inflationary pressures and a currency drag – factors that will arrest strongergrowth potential. That being said, low device penetration rates, rising purchasing power and supportive demographics underpin thefundamentals of a positive device market. Short-term risks are heavily weighed towards the downside because of elevated nationaland geopolitical risks.
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