Research
February 20, 2020
Nadia Portioli is financial analyst at Mediobanca. Image courtesy of Mediobanca
By Dianna Dilworth
The Italian fashion industry earned $77.4 billion in aggregate sales in 2018, contributing to 1.2 percent of the country’s GDP as growth holds steady, never falling below 3.4 percent, despite a slowdown in growth in recent years.
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","iv":"4ceb4e3b942ea9183ee8d1259db11518","s":"5a2a856a5dee23a4"}
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