And events costs are set to climb higher through the remainder of 2023 and into 2024, due to inflationary pressures. Joining me now is suzanne neufang, whos the ceo of the Global Business travel association. Welcome, good morning. Is this a surprise . Its been awhile since pandemic now. I a surprise . Its been awhile since pandemic now. A surprise . Its been awhile since pandemic now. I wish it were. Since pandemic now. I wish it were but since pandemic now. I wish it were. But in since pandemic now. I wish it were. But in shortterm since pandemic now. I wish it were. But in shortterm memory, were. But in short term memory, just a year ago we were still really from omicron variant s. So we did expect last year that it would be a slower recovery so we were delighted at this time time last a great deal of this you will show another 32 . We added last year at about a trillion us dollars and we should get about 1. 4 trillion as you say by the end of 2024. Are there any areas in particular
of gdp in three years. as you mentioned it was boosted by the end which has depreciated in value against a number of currencies, to give you an idea against the us dollar is lost about 10% in the past year and that makes the goods that japan sells to the rest of the world, that exports cheaper. we saw a boost with their carmakers, the likes of toyota, honda, nissan, all posting big profits began void by the fund within the chip shortage decrease and the other element has been tourism, so japan only reopened its borders after covid back in april and since then a huge rebound in recovery to its tourism sector, up about 70%, going forward china has recently announced they will allow group to estimate how japan and before the pandemic they met up about a third of they met up about a third of the tourism sector. that s also going to be good news going forward but according to moody s it s not all sunshine and rainbows and that s because we seeing slumping domestic