Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
www.cnbc.com Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
The personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis, excluding the Covid period, a new report showed Wednesday.
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This is because China is on the brink of a financial collapse.
If you’re not in China, this has nothing to do with you
Second largest economy is about to collapse. If you think this won't affect you, I've got some beach front property in Nebraska I think you'd love.
No doubt the China collapse will affect you. My point is that the reduction in luxury goods purchases has nothing to do with buying behavior outside of China.
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