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According to a recent study by Bain & Co., the luxury market is expected to grow again in 2017. Luxury goods sales dropped modestly in 2016—from €251 billion (about $280 billion) in 2015 to €249 billion last year—but the first quarter of 2017 is already promising. Bain reports a 4% growth for the first quarter of this year, with a projected 2-4% growth for the year—or €254 billion to €259 billion ($284 billion to $289 billion). The luxury market is expected to grow again in 2017.
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