We Need to Help Plug Coronavirus’s Huge Impact on the Belize Economy

Published by BBN Staff at May 26, 2020

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Posted: Tuesday, May 26, 2020. 9:07 am CST.

The views expressed in this article are those of the writer and not necessarily those of Breaking Belize News.

By Gordon Kirkwood: The Belize economy is having a really tough time due to Coronavirus impacting its number one earner Tourism. In 2018 tourism accounted for more than all the other sectors of the Belize economy added together.

We estimate that the loss of income from tourism between March and June 2020 will be just over $410 million Bz (quick calculations are shown in this screen grab). This is a massive amount of money that has just disappeared from the economy.

I know there are many in Belize – including some expats, pensioners, government workers, security forces and other Belizeans who have been working during this period – whose incomes may not have been impacted by as much as the incomes of the majority of Belizeans have in this period.

So, now that Belize is opening up after the Coronavirus shutdown, in my view, it is time for us to start paying a bit more back into the economy. Now is not the time for those who can afford it to be scrimping and saving. An economy is at stake, and we must do what we can to help save it.

Please do your best to help by spending as much as you can in the Belizean economy.

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