The country defines a new phase past double digit growth and its role as a world factory. Now that its economic objectives have been achieved, what happens now?
Markets
The International Monetary Fund has reviewed its last year growth forecasts of the world economy. The organization expects world GDP to rise 3.3% in 2020, two tenths less than expected.
Italian’s commercial agency plans to invest nearly 28 million euros to fuel the exports to the American country. Eight million will be dedicated to consumer goods, including fashion.
Men’s fashion continues to grow with great velocity in comparison to women’s wear, according to the latest data gathered by Euromonitor International.
The economic perspectives of the entity consider a “progressive acceleration” in the second half of 2020 on a global scale.
Retail sales in America recorded an increase of 0.1%, according to data published today by the United States Census Bureau.
United States president, Donald Trump and Chinese vice president, Liu He signed the phase one of the trade deal, in the meantime, fashion anticipates the signing of phase two.
The low cost chain, owned by the ABFoods group, has attributed the increase of its sales to new store openings. The United Kingdom has been the market that generated the highest revenue.
The Steering Committee of the Accord on Fire and Building Safety in Bangladesh (Accord) and the Bangladesh Garment Manufacturers Export Association (Bgmea) signed an agreement over the transition of Accord’s responsibility to the RSC.
The country will progressively increase its exports, according to Invest India, an agency tied to the Government.
The sales rates of the retail industry of the country end the year-on-year with an increase of 2.9%.
Looking at month-on-month terms, the industry records a 0.1% inflation, according to US Bureau of Labor Statistics data.
The president of Mexico, Andrés Manuel López Obrador, anticipates the signing of the USMCA treaty between the United States, Canada, and Mexico no later than February.
Fashion brands have discretely removed themselves from the equation in the Saudi market, where sales have lost their sparkle in recent years, with the exception of luxury, which continues to stand out.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.