Affluent consumers in a downturn may not buy that new plane or that new yacht. But they will still buy $5,000 suits.
FLORENCE, Italy—At the semiannual trade show here that kicks off men’s fashion week, buyers, editors and orange-fedora-wearing hangers-on paced suit-filled booths on Tuesday as 4,000 miles
away, the World BankGlobal growth, the bank predicted from Washington, D.C., will slow to 1.7% in 2023, down from an estimate of 3% growth in June—leaving only the narrowest margin to avoid recession.
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