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Fluctuation in Stock to Risk Sales of Luxury Watches and Jewelry

As per the analysis was done by Daan Struyven, an economist at Goldman Sachs, spending on luxury goods, watches, boats, and jewelry is likely to fall. This fall is followed by recent stock jitters seen in the market since last September. The decline in stock prices could decrease luxury spending by wealthy spenders. This decline might also have an adverse effect on the gross domestic product in 2019. He emphasized