South China Morning Post: China’s Economic And Job Woes Dent Demand For Luxury Products

After the Shanghai lockdown, premium consumer and luxury goods brands in China cut an 18 per cent year-on-year growth forecast on average, according to Oliver Wyman’s report. Oliver Wyman’s partner Jacques Penhirin said “It is most likely to be a U-shaped type of recovery.”

Oliver Wyman’s Penhirin said that China could account for as much as 40 per cent of the world’s market for luxury goods.

Read the full article on: South China Morning Post