Global economic recovery to impact tourism positively

Published on : Thursday, October 31, 2013

globeAs a result of the gradual recovery of the global economy, the tourism industry around the world is expected to benefit. The growth forecast at 2.8 per cent, and from the unanimously positive forecasts for every major economic zone, said Dr Gernot Nerb, an economic expert at the Munich-based  Institute for Economic Research (IFO) , on Wednesday at the 21st World Travel Monitor Forum in Pisa, Italy.
“This concerns Europe in equal measure, where after a two-year period of economic depression there appears to be a light at the end of the tunnel,” he said. In 2014, with the exception of Greece and Cyprus, the economy in every Eurozone country could expect to grow, he added, even if in countries such as Italy and Slovenia returning to black figures would mean no more than zero growth.

 

Currently, travellers from Eurozone countries are enjoying the benefits of a favourable dollar exchange rate. However, Dr Nerb warned of a possibly negative mid-term impact on export business. “At present, the Euro is fundamentally overvalued.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 wtm_london17
  • 04 AIME 2018
  • 10 tourismandhospitality 2017
  • 12 indywood 17
  • 16 TT Warsaw 2017
  • 18 TTF17
  • 19 Emitt 18
  • 19 IITM
  • 43 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com