The global growth is starting to stabilize at “a moderate level”, after slowing the climb on 2018. The OECD also states that global economy will grow a 3.4% by 2020.
170 companies have sent a letter to the US president, Donald Trump, asking him not to include the footwear into list of Chinese products that could be affected by the tariffs of 25%, that the US want to implement.
From Moody’s Investors Service it is explained that the profitability of many traditional retailers is under pressure while they reduce prices to stop the sales volume drop.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.