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":"28120422c42589758a4bc0d7ba50de38","s":"2043d149a0dc911c"}
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