GENEVA — A deepening of the U.S. housing and mortgage crisis and a hard landing of the dollar could spark a recession this year and seriously impact the projected slowdown in world output and trade growth, according to two new economic reports.
"A recession in the United States cannot be excluded in the year ahead, and economists are divided whether domestic-led growth in Asian markets can drive the global economy," said a report by the World Economic Forum.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)