The ACT project, boosted by IndustriAll Global Union, assigned Turkey to Inditex, Cambodia to H&M and Myanmar to C&A to coordinate the application of a sectoral collective bargaining.

The first world power faces a complex year that could end with the country falling into recession, while the Government deals with the longest closing of its history.

Eurozone economy will slowdown, although consumption will continue being robust. Fashion sales, on the contrary, will close in red in all the biggest markets.

Iganacio de la Torre, chief economist of consulting firm Arcano, underlined yesterday in a presentation that recession is not the same as “great recession”, like the one that started in 2008.

The Actual Individual Consumption (AIC) by Eurostat underlines the advancement in consumption in countries undergoing a growing phase.

HSBC forecasts the luxury sector to slow down during the upcoming twelve months after the peak of 9% in 2018. However, the entity points out that the large groups of the sector will not be affected.

Yesterday during the last confrontations between demonstrators and police officers, one person died and approximately twenty were injured. The demonstrators claimed a higher increase of the minimum wage, which now is in 95 dollars.

This raw material is the least used in retail industry, in which polyester and cotton still leads the market. Automobile and electronic is currently exploiting global production of polyamide.

The Turkish government has initiated an investigation and restricted nylon imports temporary, based on the World Trade Organization’s (WTO) regulations.

Ethiopian economy will be the one growing the most this year in sub-Saharan Africa, according to the International Monetary Fund’s (IMF) forecast, while Laos will lead the advancement in South-East Asia.