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As other emerging economies reliant on tourism (about 25 percent total contribution of tourism-related industries in … GDP and employment), Croatia has been hit hard by the pandemic and two devastating earthquakes, leading the economy to …
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The Icelandic economy has been severely affected by the pandemic. Sharp tourism contraction and containment measures … tourism sector depend on control of the epidemic and progress in global and domestic vaccine distribution, spelling a … challenging outlook with possibly deep medium-term scarring. Fiscal policy should continue to support the economy for now. Policy …
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pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality …
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The fallout from the COVID-19 crisis is hitting ECCU economies hard. Tourism receipts (accounting for nearly 40 percent … summer has led to a surge in COVID cases. The ECCU economy is projected to contract by 16 percent in 2020 and by a further …
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infections in the summer. The economic impact of COVID-19 is particularly severe given Aruba's high dependency on tourism. While …
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cases but the impact on the economy was severe, with real GDP shrinking by 10 percent. To counter the social and economic …
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