The Rising Influence of Rising Affluence

[DewDiligence]

It's simple arithmetic. Say Venezuela used to be responsible for approximately 2% of ABT's net income and now Venezuela generates a loss twice as big as the former profit there. Then the hit to ABT's overall net income is magnified threefold, i.e. is about 6%.

(These might not be the actual numbers, but the concept is clear enough.)