BMI View: Chile stands out in Latin America as a lucrative market due to high incomes and developed retail and distribution networks, despite being limited by the small size of its population compared to the US and Brazil. We estimate sales of consumer electronics devices grew 7% in 2013, with many of the trends that drove stronger consumer electronics spending in H212 continuing in 2013. Sales of consumer electronics devices such as tablets and smartphones should remain relatively buoyant and are the largest contributors to market growth. Banks are increasingly willing to extend credit and the unemployment rate remains low, …
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