03.12.2014 22:56:00
|
Moody's: Brazilian retail sales to slow in tougher financial conditions
Sao Paulo, December 03, 2014 -- Brazil's retail industry is losing steam after a decade of rapid growth fueled by a benign economic environment, easy credit availability and government welfare programs, Moody's Investors Service says in a new report. In 2015, higher inflation and tightening credit conditions will dampen consumer confidence.