By  on April 26, 2010

Affluent young shoppers helped limit the damage to the luxury sector last year and set it on a course for recovery earlier than other parts of the economy.

According to recent transaction data from a network with more than $111 billion in annual luxury spending with more than 700 luxury merchants, American Express Business Insights, the analytics and consulting organization within American Express, said global luxury spending in 2009 showed signs of a rebound, and even growth.

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