2. Fluctuation in Tourism means how the tourism in that
country flow over the years whether they increase or
decrease over the years either by infection,natural
disasters,politics,recessions etc.
A global recession is a period of global
economic slowdown.
A regional recession is a period of
economic slowdown in the certain country
or region.
3. Examples of these recessions are…
Regional Recession :
In hong kong ,the tourism
fell due to the outbreak of
SARS infection and
around 299 people died
and the percentage fall
down by 80%
Global Recession : The
European recession is part of
the Great Recession, which
began in the United States.
The crisis spread to Europe
rapidly and affected much of
the region with several
countries already in recession
as of February 2009, and
most others suffering marked
economic setbacks. The
global recession was first
seen in Europe, as Ireland
was the first country to fall in
a recession
4. The Global Financial crisis in 2008 :
The financial crisis of 2007–2008, also known as
the Global Financial Crisis and 2008 financial
crisis, is considered by many economists the
worst financial crisis since the Great Depression
of the 1930s. It resulted in the threat of total
collapse of large financial institutions, the bailout
of banks by national governments, and a period of
downturns in stock markets around the world
known as the Great Recession. In many areas,
the housing market also suffered, resulting in
evictions, foreclosures and prolonged
unemployment.
5. FEEDBACK FROM MS SEE TOH
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Good explanation of global economic recession
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Relevant examples being used
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However no linkage to how recession affects tourism??
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Must explain what happens during recess that affects tourist’s arrivals
and spendings etc.
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Didn’t answer the question