Effect of MERS on tourism industry could pull down GDP growth by 0.1%p: BOK chie

Effect of MERS on tourism industry could pull down GDP growth by 0.1%p: BOK chie


The tourism industry has taken the biggest
hit from the MERS outbreak,… so much so that Korea′s top central banker says the
impact could drag down the country′s GDP growth by zero-point-one-percentage
point this year. At a meeting with economists today,… Bank
of Korea Governor Lee Ju-yeol said… the number of overseas tourists dropped by 53
percent in June from a year earlier,… and he believes a rebound won′t be easy
in the crucial July-August summer vacation season.
He also encouraged Koreans to take their vacations within the country if possible,… as that
will help the domestic economy recover.

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