Breaking - ECONOMY
COVID TOURISM FREEZE COULD COST GLOBAL ECONOMY $4tn BY YEAR END
Turkey, Ecuador and South Africa will be among hardest hit as pandemic-related losses reach $2.4tn, says UN reportThe cost to the global economy of the tourism freeze caused by Covid-19 could reach $4tn (£2.9tn) by the end of this year, a UN body has said, with the varying pace of vaccine rollouts expected to cost developing nations and tourist centres particularly dear. Nations including Turkey and Ecuador will be among the hardest hit by the severe disruption to international tourism, with holiday favourites such as Spain, Greece and Portugal also badly affected. Read more HERE