UNWTO
Economic losses are mounting in developing countries due to the absence of widespread COVID-19 vaccinations.
The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report published on 30 June.
The estimated loss has been caused by the pandemic’s direct impact on tourism and its ripple effect on other sectors closely linked to it.
The report, jointly presented with the UN World Tourism Organization (UNWTO), says international tourism and its closely linked sectors suffered an estimated loss of $2.4 trillion in 2020 due to direct and indirect impacts of a steep drop in international tourist arrivals.
UNWTO - World Tourism Organization (via Public) / Global Economy Could Lose Over $4 Trillion Due to COVID-19 Impact on Tourism
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Global economy can lose $4 trillion due to Covid-19 impact on tourism: UNCTAD
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Global economy can lose USD 4 trillion due to Covid-19 impact on tourism: UNCTAD
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Global economy can lose $4 trillion due to Covid impact on tourism: UNCTAD
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