Fibre2Fashion

Bangladesh and Germany have signed financial and technical agreements on development cooperation worth €180.807 million ($190.43 million). Technical cooperation will be worth €45.8 million and financial cooperation will amount to up to €135 million. The cooperation areas include renewable energy and energy efficiency, and socially and environmentally sound supply chains, trade and infrastructure. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d4zduDzd

Ugandan think tank Economic Policy Research Centre is concerned over the government’s planned initiative to ban second-hand clothes and footwear in the country, saying the decision will lead to short-term job losses, reduce import tax revenue and increase imports of cheaper new clothes from low-cost producing countries in Asia, especially China. The ban will affect the poor more, it noted. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dWqnMv-2

Vietnam saw a 5.2-per cent month-on-month (MoM) rise in its foreign merchandise trade turnover in October; exports rose by 4.6 per cent MoM to $35.64 billion and imports by 5.8 per cent MoM to $33.60 billion. For textiles-garments, it was up by $233 million MoM. Exports were up by $43.59 billion YoY to $335.63 billion in October; textiles-garments exports rose by 10.5 per cent to $30.57 billion. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dt69Fazg

Cambodia’s national assembly recently approved an annual government budget of $9.3 billion for next year, equivalent to 18.14 percent of the country’s GDP. The Law on Finance for Management 2025 (National Budget Law 2025) aims at comprehensive reforms in all sectors to make Cambodia a high-middle-income country in the near future. It comprises six chapters and 15 articles. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/du7_tYB3

UK’s coat imports from China have steadily declined in value and volume over recent years, with the average price per unit dropping 11.92 per cent to $14.26 in Jan-Aug. Inflation and geopolitical unrest have pressured exporters and reduced consumer purchasing power. Total coat imports from the world fell, with the UK importing 10.685 million units at an average price of $15.37 per unit in 2024. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dbJGxMDj

Morgan Stanley has projected global economic growth at 3 per cent in 2025 and at 2.9 per cent in 2026, softening modestly as uncertainty rises and US tariff and immigration policies start to slow activity. Inflation continues to normalise globally, but progress may slow and vary. Europe’s growth may be reaching around 1 per cent, but global trade disruptions could be a drag, it noted. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dHYwmWkz

The European Commission’s economic sentiment indicator (ESI) remained broadly stable in both the EU and the euro area in November. The employment expectations indicator eased slightly in both. The broadly stable ESI reflected higher confidence in industry and retail trade. Industry confidence in November recovered some of its lost ground from September and October. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dY964DyA

After a slower 2024 second half, the UK economy may gather steam on looser fiscal policy, with GDP rising by 1.5 per cent in 2025, 1.6 per cent in 2026 and 1.5 per cent in 2027, S&P Global Ratings said. It now expects the central bank to cut its rate only four times over the next quarters to 3.75 per cent by 2025-end. But most of the short-term growth will be offset by higher rates and imports. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dAHk9BsY

The ILO's Global Wage Report 2024-25 has revealed a decline in wage inequality in two-thirds of countries since 2000, with the most significant reductions in low-income nations. Despite global real wage growth, disparities persist, particularly in low-income countries. The ILO calls for stronger wage policies and strategies to promote equitable growth. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/djTCqudi

The US economy is projected to expand by 2 per cent in the next two years—incorporating partial implementation of President-elect Donald Trump's proposed policies—following 2.7-per cent growth this year, according to S&P Global Ratings. It expects growth to come in at 2.3 per cent in 2024 and 1.9 per cent in 2025, down from 3.2 per cent in Q4 2023. Uncertainty around the forecasts is high. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dXj24wJQ