Venezuela Information Technology Q4 2018
Key View:
The Venezuelan IT market and industry collapsed during 2015-2017 as the country experienced a severe economiccrisis that saw purchasing power collapse and hyperinflation that meant consumers primary focus switched to obtaining basicgoods, and skilled workers fled the country. There is no short-term prospect for recovery, and we maintain our view that a recoveryin the Venezuelan economy and major policy changes will allow the bolĂvar to regain some purchasing power.
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