Global economics research papers

2016 proved more challenging than expected for the Textile and Clothing (T&C) sector as the world economy failed to break the +3% GDP growth rate. T&C output sales decreased by -%. This decline is mostly attributable to the protracted lower-than-bearable demand that resulted in a deflationist spiral. At best, T&C producer prices remained stable, as in China, but they decreased in most cases. US PPI was down -% on average in 2016 while India’s shed -%. As a result, international trade, which accounts for a third of total T&C output, lost USD40bn worth of business.

Global economics research papers

global economics research papers

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