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Tourism’s collapse could trigger next stage of the crisis
The travel industry is not the only one that will be severely affected in the long term. Tourism represents more than 10% of the global economic output, and thanks to its coronavirus-induced collapse, the current crisis may "move from a public health emergency and mass unemployment to widespread insolvencies in myriad industries." The Global Business columnist of the Financial Times, Rana Foroohar, contemplates the complex ramifications of such outlook.
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