Why is tourism important for the world's economy?
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One of the most affected industries due to the coronavirus lockdown is the travel industry and the lasting impact on travel is unclear. The UN expects that the world economy will shrink by 3.2% this year. As governments have realised that the world will have to learn to live along with coronavirus, many governments are keen on beginning tourism for economic revival. The tourism accounts for 10% of the BLOC's economy.