Thursday, 2 July 2020
ZAGREB, July 2, 2020 - The world’s tourism sector could lose at least $1.2 trillion, or 1.5% of the global GDP, due to a standstill of nearly four months caused by the coronavirus pandemic, UNCTAD says in its latest report, and Croatia is among the countries whose GDP might suffer the most from tourism losses. In the report, published on 1 July, the UN body on trade and development addresses the economic fallout of the global COVID-19 pandemic, estimating losses in three scenarios, depending on the duration of the break-in international tourism - of four, eight and 12 months. The loss could rise…