COMCEC Tourism Outlook-2019
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A cross country study by the IMF showed that an increase of one standard deviation in tourism
activitywould lead to an additional annual growth of about 0.5 percentage point per year, ceteris
paribus (everything else being constant) (IMF, 2009). Thus, particularly low income economies
should view investing in its tourism industry as a means to stimulate growth over the long term
and enabling the poor to share in economic gains.