International Monetary Fund: Long and Short-term Impact of Tourism on Growth in Small Developing States
Long and Short-term Impact of Tourism on Growth in Small Developing States
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In 2025, Travel & Tourism outgrew the global economy, generating $11.6 trillion in GDP and accounting for 9.8% of the global economic output.
We explore the relationship of recessions and tourism cycles on the economic performance of tourism-dependent Small Developing States (SDS). Using local projections regressions, we examine how these ...