[Courtesy]Covid 19 Time SeriesThe United Nations (UN) projects Covid-19 to cost the global travel and tourism industry over Sh112 trillion ($1.2 trillion) in losses. The pandemic could also have a devastating impact on sector’s job market, putting 120 million tourism jobs at risk. Tourism and Wildlife Cabinet Secretary Najib Balala announced recently that the country has lost over Sh80 billion since the outbreak of Covid-19. SEE ALSO: U.S. coronavirus cases top six million as Midwest, schools face outbreaksIn 2018-2019 financial year, Kenyan tourism welcomed more than two million international tourists, earning the country Sh164 billion in revenue. The UN added that the most “optimistic” scenario implies that global GDP will shrink by Sh117 trillion ($1.17 trillion) or 1.5 per cent.

Source: Standard Digital August 30, 2020 21:01 UTC