BMI View: We have downgraded our outlook for the Russian consumer electronics market due to weaker macroeconomic forecasts and the shift from notebooks to low-cost tablets in the PC market. We now expect total spending will increase by 6.9% in US dollar terms to US$27.1bn in 2013, still a robust rate of growth compared to much of the rest of the region. Over the medium term the Russian consumer electronics market is expected to increase at a compound annual growth rate of 7.1%, driven by the growing popularity of digital lifestyle products like smartphones, digital TV sets, tablets, digital cameras …
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