IMF warns global economy not out of the woods yet
July 17, 2020
WASHINGTON: Despite some signs of recovery, the global economy faces continued challenges, including the possibility of a second wave of Covid-19, and governments should keep their support programs in place, International Monetary Fund (IMF) chief, Kristalina Georgieva said on Thursday. Activity “has started to gradually strengthen… But we are not out of the woods yet,” […]
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World tourism faces worst crisis since records began: UNWTO
May 8, 2020
International tourism faces its worst crisis since records began, with up to 1.1bn fewer people taking trips globally in 2020. The scale of the coronavirus pandemic’s impact is outlined in a report by the World Tourism Organization (UNWTO), which predicts a decline in international arrivals of between 58% and 80% this year. This is due […]
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