What will happen to world GDP?
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Currently it is estimated at 80 Trillion.
Tourism alone is about 9.25T or 11.5% globally. Think about countries where the % is much higher.
Let’s start chipping away at other big items that will be decimated by COVID.
It’s not hard to see that this having short term impact is not realistic.
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Anytime I've been to Europe I always come back thinking "Wow, is the whole continent funded by tourism?" Everything will bounce back in the longer term, but in the shorter term (next 1-2 years), I can't imagine how decimated the tourism (transportation, lodging, shows, restaurants, stores, services) industry will be.
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@89th said in What will happen to world GDP?:
Anytime I've been to Europe I always come back thinking "Wow, is the whole continent funded by tourism?"
Ever considered the idea that that is because you presumably travel Primarily to the touristy regions?
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@Klaus said in What will happen to world GDP?:
@89th said in What will happen to world GDP?:
Anytime I've been to Europe I always come back thinking "Wow, is the whole continent funded by tourism?"
Ever considered the idea that that is because you presumably travel Primarily to the touristy regions?
@Klaus Yes you are right...I’ve generally stayed in the main cities...and that’s probably the reason for my (somewhat joking) perspective. However I’ve traveled off the beaten path a bit and still left with the feeling that so much of the economy was based on travelers and tourism. I supposed it’s a compliment in a way?
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@89th said in What will happen to world GDP?:
However I’ve traveled off the beaten path a bit and still left with the feeling that so much of the economy was based on travelers and tourism. I supposed it’s a compliment in a way?
If you take Germany, for instance: About 8% of its GDP is due to tourism. Just like in the US. It's higher in Italy (13%), or Austria (15%), but that's still lower than in Mexico (17%). So I'd say overall it's quite similar to North America.
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If you visit some of the industrial sectors in Germany, you get to realise why they were such a powerhouse. I've been to a couple of Siemens facilities, and they're like small cities. Not really the same, now, but you can still see how it used to be.
If you want to see a genuinely unknown treasure, might I suggest the famed Northern twin cities of Manchester and Salford in the former European country of Great England. It's a little like medieval Venice, in that it's ringed by canals and smells like an open sewer; any American tourist will be welcomed with open arms, and in some areas with open legs. You can marvel at the collection of vintage bicycles that have been used to decorate the canal system, and in the event that you are feeling homesick, purchasing a handgun will be a snip!
Proud supporter of Plan 2525. Everything you think, do and say will be in the pill you took today.
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@Doctor-Phibes said in What will happen to world GDP?:
I've been to a couple of Siemens facilities, and they're like small cities.
I've worked in this Siemens "city" for two years:
The whole area is connected by a huge network of underground tunnels. You could do a Marathon run underground and not probably visit any tunnel twice.
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@Klaus said in What will happen to world GDP?:
@89th said in What will happen to world GDP?:
Good to know! I haven’t visited Germany yet. Really want to. My brother lives in Berlin now, actually.
Don't. There aren't many reasons to visit. Berlin is slowly turning into a kind of 1970s NYC.
Don't listen to Klaus. Berlin is awesome.
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@jon-nyc said in What will happen to world GDP?:
Don't listen to Klaus. Berlin is awesome.
Well, you won't notice much if you stay primarily in the three main tourist areas, but the adjective that comes to mind when thinking about Berlin is "dysfunctional". Public transport, crime prevention, schools, renting a place, court system, getting a building permit etc. - it's all broken on a deep, fundamental level. On the plus side, they do offer separate restrooms for non-binary people in public places, so I guess that evens it out.
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My only time in Germany (Other than airports or overnights) was in Munster!
Really, really liked it. A fun city, not too big, not too small. Have a friend that lives there, so was able to go to some of the "local" places.
Really impressed by the "bicycle culture" but surprised that all the bicycles looked liked 1970's Chinese bikes.
My friend told me that no-one wants to have their bike stolen, so if they have these very basic bikes, they do not have to worry about it. LOL -
@Klaus said in What will happen to world GDP?:
@Doctor-Phibes said in What will happen to world GDP?:
I've been to a couple of Siemens facilities, and they're like small cities.
I've worked in this Siemens "city" for two years:
The whole area is connected by a huge network of underground tunnels. You could do a Marathon run underground and not probably visit any tunnel twice.
Legoland.
