Luxury species have flourished in the quarantine from the mass markets made by the middle classes and have since been waiting for growth to continue year after year. Donald Trump’s duties, however, put a brake on the dreams of famous clothing and footwear companies. Bernstein, which provides financial advice to investors, predicted that the luxury sector would reduce revenue by 2% in 2025, reversing its previous 5% growth. Her analyst, Luca Solca, commenting on negative predictions, said that “Returning to rhythms before the Trump swearing is a dream. We now have damage to financial markets and the economy as a consequence of the alien announcements. ” “Uncertainty is dominated, which is usually an excellent background for a recession,” he added. The Financial Times described the situation, cited the case of Bernard Arnault, a LVMH boss. Croesus gave the “present in the swearing -in of the US president and just before sanctions […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
