The British Parliament already alerted a year ago about working conditions in the city, which became the second richest in Europe thanks to its textile industry.
Fashion groups that depend on these two markets follow closely the evolution of the pandemic and the business structure in both countries and are already beginning to think of alternatives.
The IMF expects a “partial” recovery in 2021. The cumulative loss to global GDP over 2020 and 2021 could be around 9 trillion dollars.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.