Analysts at the Australia and New Zealand Banking Group (ANZ) anticipate coronavirus to have a little impact on tourism-dependent Pacific economies. The reason cited was less dependence on China for tourism. Key quotes While the necessary response to the coronavirus outbreak has been to restrict international travel, we think the tourism-dependent Pacific economies, such as Fiji, Vanuatu, Samoa and Cook Islands, will be relatively insulated. Only a small proportion of tourists to the Pacific travel from China, accounting for less than 5% of visitors in 2019. People from the bigger tourist groups – from Australia, New Zealand and the US – may offset that loss, if they divert travel plans from Asia to the Pacific. We think Australia’s bushfires may also lead some Australians to choose the Pacific rather than domestic travel destinations. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: 21-day SMA questions bullish spinning top on daily chart FX Street 2 years Analysts at the Australia and New Zealand Banking Group (ANZ) anticipate coronavirus to have a little impact on tourism-dependent Pacific economies. The reason cited was less dependence on China for tourism. Key quotes While the necessary response to the coronavirus outbreak has been to restrict international travel, we think the tourism-dependent Pacific economies, such as Fiji, Vanuatu, Samoa and Cook Islands, will be relatively insulated. Only a small proportion of tourists to the Pacific travel from China, accounting for less than 5% of visitors in 2019. People from the bigger tourist groups – from Australia, New Zealand and the US… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
