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A slowdown in the economy indicates layoffs, which in turn indicate people showing up as their best self at interviews. When someone is stacked against 20 other candidates for a position, they have very good reason to gain a noticeable edge, which makes buying an affordable fast-fashion piece a very appealing option. This is part of the reasoning why investors should take a closer look at Industria de Diseño Textil, S.A. (OTCPK:IDEXY, OTCPK:IDEXF) – commonly referred to as Inditex – as the company may be set at to become even bigger due to current economic shifts.
Inditex seems to be in a position to benefit from a slowdown because of the mid to lower-end pricing structure of their merchandise. As people’s earning power is being pressured by rising rates, they tend to lower their shopping preferences, giving the company an opportunity to take more market share.
I find Inditex to be…
