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Impact of the COVID-19 lockdown on trade in travel services

Author

Listed:
  • Schuler, Tobias

Abstract

The lockdown measures adopted to contain the coronavirus (COVID-19) pandemic and confidence effects are having a significant impact on euro area trade in services. Among several heterogeneous sectors, those involving physical contact are severely affected. The travel sector has been particularly disrupted owing to travel restrictions and the closure of tourist sites. With regard to passenger transportation, the airline industry in particular faces sustained headwinds. Some euro area countries which depend on travel and tourism face particularly adverse economic consequences. JEL Classification: F14, L83

Suggested Citation

  • Schuler, Tobias, 2020. "Impact of the COVID-19 lockdown on trade in travel services," Economic Bulletin Boxes, European Central Bank, vol. 4.
    • Handle: RePEc:ecb:ecbbox:2020:0004:1
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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2020/html/ecb.ebbox202004_01~d1a38decec.en.html
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    Citations

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    Cited by:

    1. Oleksandr SHNYRKOV & Oleksii CHUGAIEV, 2020. "Resilience Of The Eu Exports To Ukraine Under The Covid-19 Pandemic," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7, pages 80-100.
    2. Schuler, Tobias & Sun, Yiqiao, 2022. "The current account and monetary policy in the euro area," Working Paper Series 2696, European Central Bank.

    More about this item

    Keywords

    COVID-19; Trade in services; travel and tourism;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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