Trademagazin > News and articles > Market News > The Icelandic vulcano eruptions can hinder the economic recovery in Europe
The Icelandic vulcano eruptions can hinder the economic recovery in Europe
The European aviation experts say that the air limitation can be so long, that it can affect the economic growth this year, and the post-crisis recovery as well.
The current difficulties can cause a 5-10 billion USD damage per week in the European tourism. Similarly, the transport sector is also highly affected: about 40 percent of the global transport is carried by air nowadays. Its stopping can lead to significant damages of trade relations, according to experts; at an enterprise level as well – reports profitline.hu.
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