North Africa: Tourism boosts recovery
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Analyst
- Despite being badly hit by uncertainty associated with the Arab Spring revolutions and other turmoil that has followed, there are some signs of recovery.
- Historically, the Egyptian tourist industry tends to bounce back after security shocks, although it currently remains below pre-2010 levels.
- An “open skies” agreement between the EU and Tunisia, expected in late 2018, will allow in more foreign airlines and should bolster tourist numbers.
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
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