BRAZIL’S TURMOIL AFFECTS RIO 2016 TEXTILE SALES PROJECTIONS
February 1st, 2016
Sports gear, geo textiles, flags, souvenir clothes, you name it. Every part of Brazil’s textile industry is waiting to see if they will win or not with the Rio de Janeiro summer Olympic Games from August 5 to 21 – but concern is growing that the event will not deliver a much needed boost in sales.
It certainly needs a shot in the arm. The country’s endless political crisis is helping drag the economy further down at least another 3% this year, according to central bank (Banco Central do Brasil) estimates. Manufacturers are closing doors nationwide, 10% ...
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