states and cities enacting higher wage laws. Foreign exchange with strong dollar can affect licensed partners from purchasing larger quantity of private label and DEAN & DELUCA products. Lower foot traffic
laws. Foreign exchange with strong dollar can affect licensed partners from purchasing larger quantity of private label and DEAN & DELUCA products. Lower foot traffic in retail requires repositioning for
CBI_Transition_08.indd Financing credible transitions Climate Bonds Initiative 2020 1 The Transition label is one pathway to achieving the goals of the Paris Agreement. It is part of a wider universe
factors have not yet been fully reflected in household purchasing power due to high levels of household debt. Consequently, the increase in household income is being partly used to repay debt, and so will
remained sluggish, due to weak purchasing power and the lack of any specific measures from the government. In the second half of 2017, the economy moved in a positive direction driven by industrial expansion
has had a positive impact on the export sector, and also by an increase in the number of tourists. As a result, the purchasing power of consumers in these areas has increased, especially in greater
also affected by the weak purchasing power of consumers and the early rainy season. However, the Mega Home business has improved its operational cost management and has benefited from economies of scale
also affected by the weak purchasing power of consumers and the early rainy season. However, the Mega Home business has improved its operational cost management and has benefited from economies of scale
. Private consumption has tended to slow down due to lower income and employment rate, especially in the export sector. In addition, consumers' purchasing power is still affected by high household debt and
debt and low agricultural prices continued to have an adverse effect on purchasing power. Tourism has been dampened by the deterioration in Chinese tourist arrivals during the first half of 2019. The