Southeast Asia is facing the possibility of billions of dollars in losses from the sharp drop in Chinese tourists since the COVID-19 outbreak.
According to a report by global audit, tax and advisory network, KPMG International, the risk of a global recession in 2020 is extremely high as nations shutdown economic activity to limit the spread of the COVID-19 pandemic.
A report by the Asian Development Bank (ADB), outlining the economic impact of COVID-19, stated that, “tourism arrivals in many developing Asian economies are expected to decline sharply, as a result of numerous travel bans as well as precautionary behaviour.”
In full: https://theaseanpost.com/article/tourism-thailand-and-cambodia-take-virus-hit
