ABC News (Australia) published this video item, entitled “Masks might stand in the way of a ‘lipstick economy’ but cosmetics still booming | ABC News” – below is their description.
With interest rates likely to fall even further, governments are hoping people will start spending. However, many people have been saving the extra cash they’ve received from support and loan deferrals, and products that usually remain popular during recessions aren’t in fashion this time round. Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews #ABCNews #ABCNewsAustralia #breakingnews
ABC News (Australia) YouTube Channel
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