Luxury goods market seen slowing amid tourism chill

The Altagamma Foundation of Italian producers of luxury goods said Tuesday that 27 surveyed analysts lowered their consensus forecast for Europe to 2 percent growth from 4 percent earlier as high-spending tourists canceled travel plans after November terror attacks in Paris.

Analysts also dimmed forecasts for North America, Asia and Latin America to zero growth, with North America hampered by a strong dollar discouraging foreign visitors and domestic consumption.