Luxury Goods in Italy - New Report Available
The economic and political crisis did not show signs of recovery in 2013, with real GDP decreased by 1.9% in 2013. Manufacturing in Italy, which is crucial for luxury goods, also recorded very low production levels. Political uncertainty remained high in 2013, after the inconclusive February elections. All these factors had a negative impact on luxury goods in Italy in 2013, which nevertheless was more immune to the crisis than non-luxury markets. As a result, in 2013 luxury goods showed...
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