Mexico Consumer Electronics Q1 2019
Mexico is one of the most important consumer electronics markets in Latin America, thanks to position as a key node inglobal supply chains. It primarily serves as an assembly hub for devices to be exported to North America, and also to supply agrowing local market. Rising purchasing power and favourable demographic trends leading to a wider middle class will supportrobust growth in device spending over the 2018-2022 period. Potential downside risks to growth come from a potential devaluationof the peso and high lending rates that can arrest big ticket item purchases.
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