Main idea: Fast fashion is support for economic development.

1. According to the jec.gov (The JEC in the U.S. government that helps oversee and research
the country's economic policie), the global fashion industry was worth $2.5 trillion in 2019
and the fast fashion has nearly 60% of market share.

With that development, fast fashion also supports other industries such as shipping, packaging (pe
gờ gifnh) and logistics.

2. According to Euromonitor (Company of market research), fashion industry grew by 1.71

billion USD in market size by 2021.

The world fast fashion market size to grow to $1.84 billion in 2022 and expected (guess) to grow
between 2022-2023 to $1.95 billion in 2023.

This growth means increased revenue for companies.

Revenue: mean the money a business have when it sells products
3. According to Statista. The value of the fast fashion market worldwide was estimated to be over
106 billion dollars in 2022. This number is increase in the following years.

In 2027, The global fast fashion market is estimated (guess) to be worth nearly 185 billion USD.

This means that fast fashion companies provide millions of jobs worldwide, particularly in
developing countries, where they support local economies and supports other industries.

In conclusion, Fast fashion companies are the one of the largest contributors to the global
economy