Thursday, 10 April 2008

Housing downturn hits Ikea


A good example of the inter-relationship between markets and complementary goods in this article about Ikea, the Swedish furniture manufacturer. The housing downturn is important for our business and we feel it quite a lot," Anders Dahlvig, the chief executive, said at the World Retail Congress in Barcelona. "Our growth is going down slightly in the US, the UK and Germany. The downturn is affecting us quite a lot."


1 comment:

Jason Welker said...

Hi Mr. J,

I like your blog. I'm also and Econ teaching, doing IB and Advanced Placement Economics at the Shanghai American School. I have a blog that's a lot like yours: http://welkerswikinomics.com/blog

I've added a link to your blog in my blog roll, and thought you might like to do the same with mine. Try to connect our students to other views, you know...

Good work, keep it up!