COVID-19 impact on tourism could deal $4 trillion blow to global economy: UN report
The estimate is based on losses caused by the pandemic’s direct impact on tourism and the ripple effect on related sectors, and is worse than previously expected. Last July, UNCTAD estimated that the standstill in international tourism would cost the global economy between $1.2 trillion and $3.3 trillion. The steep drop in tourist arrivals worldwide in 2020 resulted in a…
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