Impact of the COVID-19 lockdown on trade in travel services

Tobias Schuler

Economic Bulletin Boxes, 2020, vol. 4

Abstract: The lockdown measures adopted to contain the coronavirus (COVID-19) pandemic and confidence effects are having a significant impact on euro area trade in services. Among several heterogeneous sectors, those involving physical contact are severely affected. The travel sector has been particularly disrupted owing to travel restrictions and the closure of tourist sites. With regard to passenger transportation, the airline industry in particular faces sustained headwinds. Some euro area countries which depend on travel and tourism face particularly adverse economic consequences. JEL Classification: F14, L83

Keywords: COVID-19; Trade in services; travel and tourism (search for similar items in EconPapers)
Date: 2020-06
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