Some 62 % of executives on this year’s survey, conducted in September, cite geopolitical instability as the top risk to progress. Economic volatility is cited by 55 % and inflation is mentioned by 51 % . The world average headline rate of inflation is predicted to moderate to five.8 percent—still high on a historic basis—from 6.9 p.c in 2023. Looking towards 2024, essentially the most distinguished sentiment among fashion business leaders is uncertainty, reflecting the prospect of subdued economic growth, persistent inflation, and weak shopper confidence.
