Mall attack to cost Kenya $200 million in tourism

Associated Press
Mall attack to cost Kenya $200 million in tourism

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The risk to tourism was one of the first concerns officials expressed after the attack that left at least 67 dead including 18 foreigners. Tourism generates 14 percent of Kenya's GDP and employs 12 percent of its workforce, according to Moody's Investment Services and the World Travel and Tourism Council.

Moody's predicts the attack will cost Kenya's economy $200 to $250 million in lost tourism revenue, estimating it will slow growth of Kenya's GDP by 0.5 percent. Kenya's 2012 GDP was $41 billion. (Associated Press)

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