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.
From Financial Times