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Fashion’s recession indicators: How clothes and beauty trends are warnings of tough times ahead

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Fashion and culture have long hidden telltale signs about the state of the economy.

Fashion and culture have long hidden telltale signs about the state of the economy.

PHOTOS: PRADA, VALENTINO GARAVANI

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SINGAPORE – Recession indicators have become the talk of the online world.

They typically include inflation, rising unemployment and declining gross domestic product. But not all the signs are coded in stock market fluctuations.

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