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Bank Accounts
25/03/24 . 4 min read
What is the lipstick effect?
Do you know that lipstick sales are considered a way to know if we’re in a recession? It’s called the lipstick effect, or the lipstick index, and it’s regarded by some as a helpful way to understand how consumers are responding to an economic downturn.
Eden Radford
External Comms Lead
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