With a major surge in the deadly coronavirus virus or COVID-19 and with numbers climbing continuously, the spread of this infectious disease is hindering border-to-border transactions. As a result, travel and shipping restrictions are being applied across the world. It is expected that it will have a huge impact on worldwide industries seeing as we all transact with one another.
In the case of Seychelles, the contribution to its economy depends primarily on the tourism industry. With annual projected increase in arrivals of tourists from all over the world, the breakout and rapid spread of the virus will undoubtedly show how significantly important it is that we do not rely entirely on a few sectors. There is therefore, a necessity for a country to have sustainable industries in an economy to buffer effects from external shocks.