Turkey has managed to overcome politic and economic contingencies to evolve into a leading partner of fashion European companies for near-sourcing.
Ten years after the Lehman Brothers bankruptcy acted as the starting gun for the global recession, economists are now wondering if the world is ready to avoid a new collapse. The answer, as put by the IMF’s chief economist, is not comforting.
The peak of populist movements, with protectionism as a rising trend, threatened to stop both the global commerce and the economy. According to experts, the worst background would be stagflation (inflation but with economic stagnation) or, in the words of IMF chief economist, a “poorer and more dangerous” world.
Australia, which produces 88% of the wool consumed by the fashion industry, is suffering the consequences of an unprecedent drought that is severely affecting pastures.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.