Oxford Economics, leaders in global economic forecasting and quantitative analysis, has just published an exhaustive report on the state of the second-hand clothing trade between the EU27+ and three African nations. Johanna Neuhoff, Director of Economic Consulting, Continental Europe, delves deep into the nuances of the sector and the bearing it has on people on both sides in this free-wheeling conversation.
A report that analyses the socioeconomic impact of the second-hand clothing industry in the EU, the UK (EU27+), as also the three African countries of Ghana, Kenya and Mozambique, says that the sector generated a cumulative €3 billion of revenues in Europe alone in 2023.
