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Slow Growth Alert: Brazil

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Consumer spending in Brazil is set to grow at just 0.6% in 2015, according to a new Euromonitor report.

The analysis notes that Brazil accounted for 53.3% of value sales in beauty and personal care in Latin America in 2014, meaning tough times lie ahead for the industry. Meanwhile, Euromonitor is forecasting 1.9% growth for Latin America in 2015.

Euromonitor succinctly notes that "business will have its work cut out to part Brazilians from their money in 2015."

Read up on Brazil's beauty boom here.