Quote:
Originally Posted by jfman
I’m quite sure the Med countries don’t exclusively depend on tourism any more than Germany relies solely on car manufacture. Equally, there will be mitigation - internal tourism.
|
Of course, but it will still be a major %, I agree “staycations” across the board will help.
But regardless of mitigation and EU support, drop of 60-70% ( typical in all I’ve read) is significant.
Quote:
|
The old days of Northern Europeans spending their strong currencies, with locals desperate to exchange for a million Lira or Pesetas are long gone. The outdated stereotype simply deflects from the fact the British economy is finance and service sectors with the rest of the economy built round it.
|
That’s just plain wrong. Whether £ to lira, or £ to euro is irrelevant, a tourism/ holiday economy is just that regardless of the currency it is built on.
If the people aren’t there, the people aren’t there..........end of.
As much as a large % of the UK economy is built on finance and services, equally other parts of countries economies are built on tourism and come November we’ll see the impact.
Quote:
|
With a sizeable proportion working from home the rest of the economy built around this is fatally wounded. Which is why elimination of the virus has and will always be the long term strategy for economic recovery. Everything else is a sticking plaster.
|
Eliminating the virus is a pipe dream.
The impact of the virus has been over estimated, over measured and over hyped.
Time to get on with life.