Latin spending slows.

Author:Bustos, Sergio R.

Latin Americans spent $29.5 billion last year, a 2% increase over 1997 but the slowest growth rate since the Mexican peso crisis in 1995, according to the latest annual report by Strategy Research Corp. The U.S. market research firm indicates that consumer spending increased 7.8%. Latin Americans spent more freely in 1996 (7.8%) and in 1997 (9%)...

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