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Added 20 December, 2012

Luxury spending on uneven footing for the coming year

Next year is shaping up to be mixed, at best, for luxury goods. Continuing economic woes in the Eurozone, a flagging Japanese economy, and slow recovery in the U.S. will likely lead to modest spending on luxury brands in those regions. Meanwhile in China, which has been a booming luxury market, the situation is more complex. New leaders of the Chinese government there are said to be sensitive to the conspicuous excesses of the past regime.
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