How did Paris attacks affect its economics?

On the evening of 13 November 2015, a series of coordinated terrorist attacks—consisting of mass shootings, suicide bombings, and hostage-taking—occurred in Paris, France. 129 victims were killed and whole world were shocked by this disaster.  For the second time in a year, the capital of the world’s leading tourist nation has been the scene of coordinated mass murders. Tourists and business travelers with forward plans to visit the French capital are considering their options. Not only France, because ISIS who is responsible for this mass murder also released the targets of some major cities around the world.  This further grows people’s fear and there will be a significant drop on travelers each day after the attack. the consequence could significantly impact tourism in Europe’s most visited city. Tourism is the world’s largest industry, and a very critical part of France’s economy.

These Paris terrorist attacks and the larger scale of this attack could have a meaningful negative impact on the travel and tourism sector where weaken the economic confidence trade within Europe.

 

Original news: http://www.reuters.com/article/2015/11/16/us-france-shooting-markets-idUSKCN0T402N20151116

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