Collapse in tourism could cost $4 trillion
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The catastrophic decline in international tourism caused by the global pandemic is likely to cost the world $4 trillion in lost GDP for 2020 and 2021, according to a bleak new report from the United Nations
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INTERNATIONAL TOURIST ARRIVALS (thousands) 

180
160
140
120
100
80 
60 
40 
20
0     Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2019
2020

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Grim outlook: United Nations Conference on Trade and Development report also says tourism experts do not expect return to pre-Covid arrival levels until 2023 or later (nearly half believe return to 2019 levels will not happen until 2024 or beyond)
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Inbound tourist arrivals 74%
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Sources: UNCTAD, UPI Picture: Adam Birkett (UnSplash) © GRAPHIC NEWS