Fashion News

China and the UAE are enhancing their strategic partnership through increased investment, but textiles and apparel trade has seen declines in 2025.
Apparel exports from China to the UAE fell by 47.1 per cent in January-February, and fabric exports dropped by 23.5 per cent.
Despite a strong past, trade in textiles has been slowing since 2021, with declines in the years following.Read More

Consumer confidence in the Netherlands fell to -37 in April, down from -34 in March, marking the seventh consecutive month of decline.
The economic outlook component dropped to -61, and willingness to buy among consumers decreased to -20.
The April figure is significantly below the long-term average of -10, with the all-time low at -59 in late 2022.Read More

Armenian deputy minister for economy Edgar Zakharyan has urged a visiting delegation of the Association for the Promotion of Foreign Markets of China’s Shaoxing Keqiao city to invest in his country and set up joint textile ventures.
The delegation was requested to explore the possibility of Armenian manufacturers participating in international exhibitions organised in China.Read More

Concerned over the impact of the US tariff hikes on India, the central bank, in its latest monthly bulletin, said higher tariffs may reduce exports and slow down domestic demand, affecting net external demand and overall growth.
As prices of energy and metals have fallen sharply, while gold prices have been highly volatile, it has added uncertainty to India’s inflation outlook, it noted.Read More

The global economy is projected to grow at 2.7 per cent in 2025, down from 3.2 per cent in 2024, with the US economy stalling due to new tariffs and policy uncertainty.
Inflation is expected to peak at 4.5 per cent, while unemployment rises.
Canada and Mexico face challenges from US trade actions, and China’s growth falls short of targets.
Risks to the outlook remain, including a potential US recession.Read More