Tag #Economic Slowdown

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elpais.com

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Dec 2, 10:38

Luxury Market Slowdown Prompts Strategic Reassessment

The luxury goods market is facing declining profits due to economic factors and shifting consumer preferences, prompting brands to reassess their strategies as highlighted at the Business of Fashion's BOF Voices summit.

Luxury Market Slowdown Prompts Strategic Reassessment

The luxury goods market is facing declining profits due to economic factors and shifting consumer preferences, prompting brands to reassess their strategies as highlighted at the Business of Fashion's BOF Voices summit.

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How are evolving consumer values and expectations impacting the performance of traditional luxury brands?

The shift away from traditional luxury brands is linked to changing consumer values and expectations. Consumers are increasingly seeking value and ethical considerations in their purchases. The report, "The State of Fashion 2025," indicates that the mid-market segment now holds the largest share of fashion profits, surpassing luxury brands in cultural relevance.

kathimerini.gr

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Nov 30, 14:58

Turkey's Economic Slowdown Amidst Persistent High Inflation

Turkey's Q3 GDP growth slowed to 1.9% due to high inflation (48.6% in October), despite the central bank's 50% base rate and measures; the IMF lowered its 2025 growth forecast to 2.7%.

Turkey's Economic Slowdown Amidst Persistent High Inflation

Turkey's Q3 GDP growth slowed to 1.9% due to high inflation (48.6% in October), despite the central bank's 50% base rate and measures; the IMF lowered its 2025 growth forecast to 2.7%.

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What is the primary driver of Turkey's economic slowdown, and what are the immediate consequences?

Turkey's annual GDP growth slowed to 1.9% in Q3, down from 2.4% in Q2 and significantly lower than 6.7% in Q1. This slowdown primarily reflects decreased household consumption due to persistently high inflation. Despite the central bank's restrictive monetary policy (50% base rate since March) and various measures, inflation remains stubbornly high.

repubblica.it

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Dec 2, 23:45

Italian Car Sales Plunge 10.8% in November Amidst Rising Prices

Italian car registrations fell 10.8% in November 2023 to 124,251 units, with Stellantis experiencing a 24.6% drop; high prices are shifting demand to used cars, increasing the overall vehicle count and average age, creating safety and environmental concerns.

Italian Car Sales Plunge 10.8% in November Amidst Rising Prices

Italian car registrations fell 10.8% in November 2023 to 124,251 units, with Stellantis experiencing a 24.6% drop; high prices are shifting demand to used cars, increasing the overall vehicle count and average age, creating safety and environmental concerns.

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What is the impact of rising car prices on the Italian automotive market?

In November 2023, Italian car registrations plummeted 10.8% year-over-year to 124,251 units. Stellantis, a major player, experienced an even steeper decline of 24.6%, reducing its market share. This reflects a broader trend of decreased new car sales, impacting the entire automotive sector.

welt.de

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Nov 22, 16:12

German Industry Faces Sharp Decline

German industrial production is experiencing a significant decline, impacting key sectors and prompting calls for political action.

German Industry Faces Sharp Decline

German industrial production is experiencing a significant decline, impacting key sectors and prompting calls for political action.

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Decent Work and Economic Growth

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What are the main causes of the decline in German industrial production?

German industrial production is significantly declining, with key sectors like automotive, machinery, and electronics experiencing substantial drops.

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