Luxury Goods in Russia - New Study Released
Russia's economic growth slowed down in 2013 due to various factors, including world economic uncertainty, industrial output decline, subdued foreign direct investments and increased inflation, which weighed upon consumption. It is worth noting that wealthy Russians have always aspired to purchase goods which highlight their material and social status. The economic crisis of 2008 confirmed that various types of luxury goods have not been seriously impacted by recession. However, the effects of...
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