LATIN AMERICA’S PERSONAL CARE PRODUCT MARKETS REMAIN IN THE DOLDRUMS AS ECONOMIES PERFORM POORLY
July 1st, 2019
IT has been another subdued year for the beauty and personal care product market in Latin America, as the region’s economy underperforms yet again after six years of deceleration (and in some countries outright recession), keeping a lid on sales growth.
In April, the World Bank halved its growth forecast for the region to 0.9% this year, not much better than in 2018, and said it doesn’t expect any substantial growth until 2020.
Argentina is in an economic crisis, Brazil is struggling to pull out of its 2015-16 recession, Mexico’s growth is anaemic, and ...
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