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Amidst ‘subdued’ growth, true luxury buoyed by UHNWI in 2023: report

As challenging macroeconomic factors take on the market, wealthy consumers are providing shelter from the storm. Image credit: Luxury Institute As challenging macroeconomic factors take on the market, wealthy consumers are providing shelter from the storm. Image credit: Luxury Institute

 

Consulting firm Luxury Institute is out with its latest White Paper report indicating that while the market faces a year of challenges ahead, ultrawealthy consumers are to remain resilient.