...The Latin American retail sector should remain relatively stable, given low- to mid-single- digit revenue growth and manageable liquidity profiles for most participants. Retailers reduced investment during 2019 due to specific national conditions, but Fitch Ratings expects capex to recover once economic, political and social conditions in the region normalize. Recent political events and social unrest in some countries have negatively affected consumer sentiment and made them more cautious on discretionary spending. Colombia's consumption has performed well relative to peers and it is expected to remain positive in 2020 due to increasing economic activity....
