When you hear that the world is reeling with gloomy news where sensex, nifty, economy and Gross Domestic Product (GDP) are declining, you can see a pattern to an extended period of insecurity and instability in different segments of the market. Such patterns have the chances of a global recession which causes significant variation between geographies and industries.

This has affected the cost-of-living and tightened the financial conditions across various regions. The global forecast is slowed down by 3.2 percent from 6.0 percent as per World Economic Forum and there is an expectation to decline till 2.7 percent in the year 2023. Since, there has been a deepening impact of the great recession on the world economy from the year 2022 onwards, hence global economic activity is experiencing a sharper slowdown with inflation than expected.

The storm of global recession has hit the global sales of the mattress market. There is a notable divergence in the expected impact of the mattress industry between high-and low-income countries. Soaring suppliers and raw material costs have disproportionately affected different countries of the world.