Ailing foreign tourism, collapse of Chinese arrivals and new risks for PH economy

By Dan Steinbock

Sep 02, 2024 12:11 am

As the Philippines is drifting into open escalation, economic uncertainty and geopolitics are casting a dark shadow on its outlook, starting with tourism.

INTERNATIONAL tourism has a critical impact on the economy in most Southeast Asian nations. Consequently, there have been great hopes that, after years of pandemic devastation, tourism would speed up recovery in the region.

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