Abstract
Fashion bank should be created to help struggling designers and artisans, as while as state guarantees for loans should be handed out, said Industry Minister of French Christian Estrosi. Due to the global recession, the fashion industry has been hit heavily by the decline of high-brand consuming.
Therefore, in this essay, I will take consideration of the impacts that the fall of global economies brings to the fashion world—— from aspects of government, customers and the fashion industry itself.
Firstly, I'm going to introduce the current economics situation in general and the challenges that the fashion industry faces under this economic climate. Then, I'll analyse how the downturn of economy effects the fashion industry in different aspects and compare current situation with recessions in history. Finally, I will give conclusions of the proposal and feasible suggestions of further recover of the fashion industry.
Reference: France backs fashion bank for crisis-hit designers
http://www.reuters.com/article/idUSTRE60O4U920100125
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as while as ?
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