US ECONOMY IS SET TO LOSE BILLIONS AS FOREIGN TOURISTS STAY AWAY
https://s.yimg.com/ny/api/res/1.2/mwMXLDnBe5Yc5YnnSQg2vw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/bloomberg_holding_pen_162/c650c894bfb563b13ddb4ea2d1b4ef39
✍️ The US economy is expected to lose billions of dollars in revenue in 2025 due to a decline in foreign tourism and boycotts of American products, adding to recession risk.
👉 Foreign tourism has been a tailwind for the US economy in recent years 👉 The US economy is expected to lose billions of dollars in revenue in 2025 due to a decline in foreign tourism 👉 Boycotts of American products are also expected to contribute to the loss in revenue 👉 Goldman Sachs estimates that the hit this year from reduced travel and boycotts could total 0.3% of gross domestic product 👉 International travelers spent a record $254 billion in the US last year
-- #CurtisAllen #DonaldTrump #PatrickKeyes #SébastienBazin #JosephBriggs #MeganPeters #ToddDavidson #US #Canada #Oregon #NiagaraFalls #Vancouver #UK #India #Brazil #France #Germany #business
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