Global Consumer Durables/Retail Performance: Ongoing Recovery in Advanced Markets
We anticipate that consumer durables sales in advanced markets will continue to recover in the second half of 2024 and gain further momentum in 2025. However, the credit risk for consumer durables retailers in these markets remains high, with smaller businesses being particularly susceptible to defaults and insolvency.
In the Asia Pacific region, growth is expected to persist next year, but it will likely decelerate compared to 2024, primarily due to reduced demand in China.
Globally, there are still downside risks, such as declining stock markets, rising unemployment, and fluctuating commodity prices, all of which could potentially curb household spending.
Learn more here: https://atradius.ca/reports/industry-trends-consumer-durables-retail-industry-trends-2024.html
