2009 Textile and Clothing Prospects: Reasons to Hope

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21 January 2009 - Amid heavily depressing news, there are however clear signs that global textile and clothing markets may stop shrinking in 2009, although not fully recovering from the economic recession experienced in the United States and in Europe. Raw material costs of textile and apparel industries are no more declining in Asia where lower inflation rates may now limit the rise in manufacturing costs. A stronger dollar and the elimination of US textile quotas should also help in offering lower-priced products to consumer in developed countries.

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