Southern Europe is experiencing a significant economic boom driven by a surge in American tourists. The strong U.S. dollar and a robust post-Covid recovery have empowered millions of Americans to travel abroad, fueling growth in regions like Italy, Spain, Greece, and Portugal. This influx of free-spending visitors has flipped economic power within the EU, with southern Europe now contributing significantly to the continent's annual growth. Spain, for instance, has become Europe’s fastest-growing big economy, with nearly 75% of its recent growth and 25% of new jobs linked to tourism. In Greece, up to 44% of all jobs are connected to the tourism sector. While this boom is providing substantial economic benefits, some economists warn that it could end badly. Germany’s economy, in contrast, is flatlining. According to WSJ, these are the best times for southern Europe in the last 45 years.
The US economy is so strong right now that American tourists are giving a huge boost to Europe as well. https://t.co/k2Aks7waVT
“Europe Has a New Economic Engine: American Tourists” https://t.co/40SS0zUfKG
Europe Has a New Economic Engine: American Tourists. Italy, Spain, Greece and Portugal contribute between a quarter and half of the the continent’s annual growth. https://t.co/HyQJ7T2Lf5
Across southern Europe, an unprecedented tourism boom driven largely by US visitors is turbocharging growth in places that had become bywords for economic stagnation. "Great times. The best times for the last 45 years." @TomFairless https://t.co/Br8qA7yJob
"Germany’s economy is flatlining, Spain is Europe’s fastest-growing big economy. Nearly 3/4 of the country’s recent growth & 1 in 4 new jobs are linked to tourism. In Greece as many as 44% of all jobs are connected to tourism." https://t.co/vxK6qAP9dz
Europe is literally just a theme park for Americans https://t.co/gOkm5jxP7p
Across southern Europe, an unprecedented tourism boom driven largely by American tourists is turbocharging growth in places that had become bywords for economic stagnation https://t.co/OwZ8fLeMvz
Europe Has a New Economic Engine: American Tourists | @WSJ https://t.co/70EdCx8a9g
🇪🇺🇺🇸Europe Has a New Economic Engine: American Tourists “Free-spending visitors are fueling a powerful boom in southern Europe, flipping economic power in the EU. Some economists think it could end badly.” https://t.co/p795YjSOgl
Europe Has a New Economic Engine: American Tourists - @WSJ https://t.co/pEX7lpNiHg
1/2 Europe Has a New Economic Engine: American Tourists The strong dollar—and a powerful post-Covid recovery—has empowered millions of Americans who would have vacationed in the U.S. before the pandemic. https://t.co/nkkeJZCcP6
“It is literally, for Americans right now, the place to go.” How free-spending Americans are turbocharging southern Europe’s economy. https://t.co/EBjiuM9MJD https://t.co/EBjiuM9MJD
Europe Has a New Economic Engine: American Tourists @wsj Free-spending visitors are fueling a powerful boom in southern Europe, flipping economic power in the EU. Some economists think it could end badly. https://t.co/Z1KcFkGJi8