Up to 75 million jobs around the world are expected to be lost, says the World Travel and Tourism Council

Economy & Aftermath

The negative impacts of coronavirus pandemic outbreak in the world has affected the world tourism sector threatening the loss of 75 million jobs globally and a $2.1 trillion loss in the Gross Global Product this year.

According to the World Travel and Tourism Council (WTTC), the number of the jobs which are at risk may witness a 50% rise from the previous statistics.

The council also said that Asia-Pacific is expected to be heavily affected with the loss of up to 49 million jobs while the European tourism and travel sector is expected to witness the loss of 10 million jobs, causing nearly $552 billion loss in the GDP of Europe.

 The Americas are also expected to be hit by this crisis. The United States, Canada and  Mexico are expected to lose up to $570 billion, with about seven million jobs at risk.

Other countries that are expected to be hit hard by this crisis include Brazil, the United Kingdom, Italy, Germany, France, Japan, Indonesia and India.

“This chilling new figure also represents the collective delay by many governments around the world to react quickly enough to come to the aid of a sector which is the backbone of the global economy,” Gloria Guevara, the WTTC president and CEO.

Hamda Mustafa

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