News
2020 Outlook For Italian Eyewear Remains Grim Amid Pandemic
2020 Outlook For Italian Eyewear Remains Grim Amid Pandemic
February 05, 2020
2019: PRODUCTION +3.3%, EXPORTS +3.9%, JOBS +2.3%
2020: EXPORTS FORECAST -25%, PRODUCTION FORECAST -15%
2019
The global economy experienced an overall slowdown in 2019. Trade tensions with China, lackluster performance from the United States and Germany, and exhausting Brexit-related concerns led to a downward trend in global economic growth; the weakest in recent decades.
In Italy, 2019 unfolded against the backdrop of an ailing domestic market and a sluggish economy.
Despite these difficulties, 2019 was a fairly decent year for Italian eyewear, with reassuring results.
Indeed, Italian eyewear production in 2019 totaled 3,991 million euro, 3.3% higher than in 2018.
