Against the adverse impact of recent global and domestic developments, tourism contributed significantly to turn the economy around from this year. 4  BIS Review 110/2010  I am confident that with the efforts of everyone, the tourism industry will continue to grow strongly and achieve its growth target of 1.1 million visitors and $ billion earnings by 2016, if not sooner.
2 Bank of America Global Research (2021), European fund manager survey, 14 September. 3 These simulations assume future purchases corresponding to the median response from our survey of  monetary analysts (SMA). 4 Options are based on consumer price index (CPI) inflation, but the Federal Reserve System states its goal for  inflation in terms of the personal consumption expenditure (PCE) price index.