Luxury Goods Withstands Tough Economic Realities in Russia
Dec 04, 2017•3 min•Transcript available on Metacast Episode description
During the economic recession in Russia in 2015, the luxury goods industry faced an unprecedented breakdown. Usually - and surprisingly - luxury goods are generally resistant to economic downturns, however in 2015 the luxury goods market in Russia experienced a 33 percent decline. Euromonitor examines this crisis and examines where the market is headed today and in the future.
