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Double-Dip Recession Is Looking Likely, IHS Says

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

A new report from IHS Markit warns that rising COVID-19 virus infection rates have increased the risk of a W-shaped or double-dip global economic cycle and a second recession. “IHS Markit has upwardly revised its forecast for global growth in 2020 slightly,” Nariman Behravesh, chief economist at IHS Markit, and Sara Johnson, executive director of…

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