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Beyond luxury, growth of two to 4 percent is predicted for the year ahead, consistent with the possible end result in 2023. The European market will likely broaden by simply 1 to three %, compared with 5 % within the first half of 2023 and 1 to three % within the second half. Slumping shopper confidence and declining household financial savings are anticipated to be the most probable causes of restrained spending. In the United States, nonluxury sector progress of 0 to 2 p.c is forecast. And China is expected to be similarly…