2nd-hand clothing industry forecasts €7B EU/UK GDP contribution in 2023, supporting 150K jobs.

A report by Oxford Economics highlights the significant economic impact of the second-hand clothing (SHC) sector in Europe and Africa, predicting a €7 billion ($7.6 billion) contribution to the EU and UK's GDP in 2023. The industry supports 150,000 jobs, including many green jobs, and aids poverty alleviation by creating employment opportunities. The report calls for legislative support to enhance the sector's growth and sustainability amid challenges like high import tariffs.

October 08, 2024
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