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Slower growth for luxury in 2015

According to the Altagamma Consensus, all luxury sectors are forecasted to grow over the full 2015 year but last October forecasts are largely reduced today. At current currencies it would be quite different.
Should the Euro keep today’s value for the full year, the average estimated growth is +3,5% at constant currencies, might reach a height over 8/10
% at current ones.
All markets are forecasted to grow in 2015 even at constant currencies. Europe and Japan are meant to be the fastest growing market in the current year. Last October Consensus was more positive about Asia, with a +6% for Asia that now is forecasted to grow at +2%. And the same about the Middle East and the Rest of the World: both at +6% that now are meant to grow at +4% each. The Americas are forecasted to grow just at +3%

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