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Iceland Votes, With Its Dependence on Tourism Exposed by Covid
Iceland holds an election with the pandemic largely behind it but its voters faced with a reality check. The travel restrictions with Covid-19 have laid bare just how much the sparsely-populated island got hooked on tourism, while there is little consensus on whether climate change presents a challenge or an opportunity. This country in the North Atlantic ocean is vulnerable to boom-and-bust cycles. The 2008 financial crisis just about bankrupted it when its outsized banking sector collapsed. Tourism took over as the growth engine. Yet now, the country known as the land of fire and ice because of its unspoilt natural ... (full story)
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- gat
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Everyone can see the chart, but only a few can actually read it.
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- gat
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