By  on October 10, 2013

The outlook for luxury goods and brands is bullish due to an increase of more than 7 percent in worldwide wealth at constant exchange rates, according to a report by the Credit Suisse Research Institute.

Released Wednesday, the Credit Suisse Global Wealth and Global Luxury Goods Report revealed that global wealth had grown to $241 trillion by mid-2013, compared to a global decline of 5 percent in the prior year. The positive forecast is projected to run through 2018.

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