Economy

International Tourism Collapses by 80%

International tourism has plunged it looks like coming in at around 80% by the end of the year. The UN World Tourism Organisation says it will drop at least 60%. The result of this has contributed to what we see as unemployment over 300 million worldwide. This collapse in tourism is 100% post-April 2020. This is going to contribute greatly to rising civil unrest next year globally. The collapse in tourism has already put millions of workers out of work. Those economies that have a high reliance on tourism like Greece and Thailand will suffer a significant decline in their GDP. Thailand, for example, will see a fall beyond 90% for the year’s total numbers.

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