Endless Iceland Volcano Ash Could Destroy Global Economy

Never ending Iceland volcano ash that has been spread in some part of European countries since 14 April causes panic not only for million stranded passengers, but also to many people who believe that it would destroy global economy sooner or later. As BBC News reported, there are some predictions what kind of industries that may collapse caused by this natural disasters.

The fear of endless Iceland volcano ash could destroy global economy is based on several factors. The main is travel chaos.

Based on BBC news predictions, here are some industries that may affected by endless Iceland volcano ash.

1. Airlines

The most direct casualty of the ash is the airline industry. The International Air Transport Association (IATA) estimates that airlines are collectively losing £130m per day in lost revenues.

2. Tourism

The impact on the tourism industry is expected to be relatively small, if the disruption lasts no longer than a few days.

3. Import and Export Activities

International trade relies more heavily on road, rail and sea freight than it does on air freight.

Get the detail analysis why endless Iceland volcano ash could destroy global economy in BBC.