@Noahpinion@bencasselman When people think of consumption, they think of consumption as a whole. So, subtract imports from that. It’s a matter of framing. hardly a reason to scoff with outrage..
"the share of tourism activities in GDP is the single most important predictor of the growth shortfall in 2020 triggered by the COVID-19 crisis" https://t.co/WsuYsGLqpF