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Greece can weather a prolonged tourism decline. Tourism revenue dropped by 65 percent to 132 billion euros last year although non resident inbound visitors increased by 75 percent the bank of greece said on wednesday in its report concerning the developments in the balance of travel services for 2016. In an august report the international monetary fund placed greece second only to thailand among countries hardest hit by a decline in tourism due to covid 19 projecting a 6 decline in gdp for 2020.
Tourism in greece has been a key element of the economic activity in the country and is one of the countrys most important sectorsgreece has been a major tourist destination and attraction in europe since the 1970s for its rich culture and history which is reflected in large part by its 18 unesco world heritage sites among the most in europe and the world as well as for its long coastline. Free and no ads no need to download or install. Most european sovereigns including greece can weather a prolonged tourism slump moodys said in a statement on monday according to ana.
Of the 220 domestic cases diagnosed in the last 24 hours 25 are associated with known travel from outside the country while 18 have been linked with a recent trip within greece. Despite the slowdown in tourism and the far reaching repercussions of the coronavirus covid 19 pandemic greeces debt remains durable moodys investors service said in a report this month.