Well, well, well it seems the apocalyptic soothsayers were right. Its official the UK has plunged into recession, every single video we’ve made on the luxury goods market this past two years has carried a comments section dominated with armchair experts warning that a recession is coming and things are going to get worse.
Whilst the governor of the Bank of England has remarked that “the UK recession may already be over and there are now "distinct signs of an upturn…A recession is a recession, be it deep or shallow it is absolutely not what the luxury watch market needs following 18 months of stagnation.
In all honesty we didn’t think this would transpire, just 2 weeks ago I predicted grey market prices would reach stasis in the second half of this year with growth potentially in the final quarter. The headline is just that a headline and it doesn’t really effect the economic outlook for the rest of the year but here’s why it does have an immediate impact on Rolex and could set back my growth forecasts by many months…
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2 окт 2024