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Topic: Analyze the impact of the COVID 19 pandemic crisis on the UK tourism sector
You can write with or without headings - whichever you are more comfortable with. Your discussion should cover the following issues:- Provide an overview of the UK tourism sector- Discuss the contribution of the tourism sector to the UK and the World economy (provide some relevant data, graph in support)- Discussion of UK's BoP current account - main trade partners, main exports and imports, balance of trade etc.- Discuss UK's export and import of tourism services- Discussion of UK's BoP financial account - tourism inward and outward investment flows- Discussion of UK's areas of competiveness (underpinned by relevant theory)- Discuss how the current pandemic crisis impacting the UK tourism sector (provide some facts and figures to support your arguments)- Discussion of WTO global rules of trade and how they will impact the areas of competitiveness identified previously- Discussion of the post-Brexit sterling exchange rate, its relatively recent past evolution and how it affected UK's tourism- Make some feasible recommendations on how UK's tourism sector overcome the current challenges due to the pandemic
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