The WTTC released a series of reports on 8.11.02 predicting a strong forecast for the last quarter of 2002 and strong growth in 2003. “The relative strength in consumer spending in many countries compared with expectations earlier in the year has helped maintain personal Travel and Tourism spending”. Despite the Bali bombings and uncertainty caused by potential military action against Iraq the WTTC/Oxford Economic Forecasting reports a forecast of 4.1% real growth in 2003.
