Peru Consumer Electronics Q3 2019
We have a positive outlook for device spending growth in Peru over the medium term due to the combination of risingwages and nuevo sol appreciation that will deliver purchasing power gains over the medium term, 2019-2023. This will enabledevice vendors to tap opportunities with first-time buyers, which are still a sizeable category in frontier economies like Peru, butmore importantly to drive up average unit prices on replacement device purchases. The main risk factor is a external because ofPeru's export and investment reliance on China that leaves it vulnerable to a slowdown or negative spill over from the US trade war.
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