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."