Brexit could have a significant impact on hotel activity in Cyprus and Malta


Brexit could have a significant impact on hotel activity in Cyprus and Malta A Brexit without an amicable divorce agreement would have serious economic consequences for the country, according to a report published by the British government and the Bank of England. British GDP would lose nearly 10 points over 15 years and AP economists estimate that the annual standard of living would be reduced by £1,100 per capita. Finally, the British central bank added that the pound could fall by a quarter of its value against the dollar leading to the UK's worst recession since World War II.

Tags: Travel, UK, Bank Of England, Cyprus, Ap, Brexit, Malta

Source:  http://www.hospitalitynet.org/news/154000320/4091126.html