BMI View: BMI projects that Argentinean consumer electronics spending will grow by modest 4% in US dollar terms in 2013 to US$5.7bn, with spending constrained by an uncertain economic outlook. Our data show prices rising faster than shopping centre sales, with consumers cautious due to an uptick in unemployment. We still expect sales of mobile handsets, plasma TV sets, digital cameras and other categories of consumer electronics products to grow in 2013, as monetary and fiscal policies remain highly expansionary. BMI has warned of the risk of a substantial currency devaluation, which would have an impact on the affordability of …
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