Market Report, "Venezuela Retail Report Q1 2015", Published
As a result of the adverse business environment, particularly in terms of import restrictions and an expected fall in household income, the outlook for the Venezuelan retail sector remains bleak over our forecast period. We expect to see negative growth in total household spending in 2015 and 2016 although positive growth is forecast to continue from 2017 as the long-term economic outlook appears brighter.
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