McKinsey forecasts that the global luxury goods market will grow by only 2-4% annually over the next three years.

Analysts predict a resumption of growth in China after two years of decline - by +3-5% per year. Even more hopes are pinned on the USA - 4-6%. In Europe, growth will be more restrained.

Sales of jewelry and handbags (leather goods) are expected to grow faster than other luxury goods - by 4-6% per year. Watches, clothing and footwear are expected to grow by only 2-4%.

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