WASHINGTON, DC, United States (CMC) — A new study by the Inter-American Bank (IDB) says Latin America and the Caribbean (LAC) will suffer “an unprecedented economic shock” from a sharp downturn in tourism as a result of the novel coronavirus (COVID-19) pandemic.
The report, ‘Extreme Outlier: The Pandemic’s Unprecedented Shock to Tourism in Latin America and the Caribbean’, launches a new global Tourism Dependency Index for countries, including 35 Latin American and Caribbean economies.
It urges governments to take unprecedented measures to prevent the spread of the virus, and to support citizens and economies through this shock to the most tourism-dependent region in the world.
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