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Hoped-for Balkan tourism recovery is unlikely in 2022

Location:

BALKANS

After the COVID-19 pandemic devastated the tourist sector in 2020 and 2021, countries where tourism is important were eyeing a ‘golden year’ in 2022 now that most travel…

EU slowdown may reach Croatia and Slovenia via tourism

Location:

CROATIA/SLOVENIA

Croatia also recorded strong growth in the first half, its economy benefiting like Slovenia’s from a recovery in tourism. Tourism both exposed Croatia and Slovenia to deep…

Tourism reopening will ease Bhutan’s economic strains

Location:

BHUTAN

The kingdom has raised the long-standing ‘sustainable development fee’ (SDF) for visitors from most countries to USD200 per night from USD65. It hopes that tourism revenue can…

Tourism woes will slow Uruguay's post-COVID recovery

Location:

URUGUAY

The government closed the borders in December to avoid further spread of COVID-19, subsequently extending the closure through January. The move implied the loss of the entire…

US policy shift on Cuba will bring little respite

Location:

CUBA

The move comes as Cubans face a severe economic crisis and increasing hardship that is driving record outward migration. The collapse of Russian tourism and increased fuel and…

Morocco will struggle to lift growth rates

Location:

MOROCCO

This is below the medium-term target of average annual real GDP growth of 6%, with economic performance largely affected by poor agricultural harvests. There was a modest recovery…

Egypt's living standards will come under more pressure

Location:

EGYPT

The target is highly optimistic. A recent upturn in headline growth reflects improved terms of trade and better performance in export-oriented sectors, notably tourism and…

Loose New Zealand monetary policy may overheat housing

Location:

NEW ZEALAND

New Zealand registered 3.6% year-on-year real GDP growth in the second quarter of 2016, one of the highest among developed economies. This reflects strong domestic and trading…

Cuba will struggle to keep inflation at bay

Location:

CUBA

So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…

Third COVID wave calls for caution from Erdogan

Location:

TURKEY

Throughout April, new cases have exceeded 40,000 per day. The surge, which followed the easing of containment measures in March, was the third and largest spike in COVID-19 cases…