BRASIL, INDIA and CHINA – the only luxury markets to grow in 2009

Luxury market analysts predict that Brasil, India and China will be the only three luxury markets to grown in 2009, in contrast with Japan and Russia which register dramatic sales drops, up to 6-9%. Brasils growth is estimate at 1,5%, while India and China will grown by 6 to 7 % in 2009. We at CPP, believe Serbia, Czech Republic and Romania will be the only Central and Eastern European luxury markets to recover by the end of 2009.