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2012 and 2013 have seen a well-publicised slowdown in the BRIC markets with growth well below pre-financial crisis levels. Yet this is not to say that these four economies, which in 2013 are expected to account for one in every six US$ spent globally, are has-beens. Smaller frontier markets are seeing stronger growth in consumer spending, but larger, more stable markets such as the BRICs, Indonesia, Peru and Mexico offer more opportunities for consumer goods players.

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