War in Gulf, layoffs hit discretionary spends

Consumers are cutting back on discretionary spending, prioritizing essentials and value purchases due to war-driven uncertainty and layoffs. This shift is leading to slower sales for non-essential items, with companies focusing on value packs and smaller formats to maintain accessibility amidst rising costs and a cautious job market.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/0NDfMiW