As I said before the crisis has taken a new twist causing real danger for economic growth and jobs in developed countries.Any slowdown or problems in the economies of our major tourist markets will be a problem for us.These individuals were only delighted to take up those offers with their unstable employment and income flows.
However it’s only very recently that our media got aware of the crisis and started paying attention on the twists of the crisis.
Apart from this I can’t see a direct impact of the crisis on our banks.
However we may have some serious indirect consequences which can send our economy into a slump.
Europe and Japan being our major tourist markets can’t continue sending tourists to our country if their economies keep on deteriorating.
So the current financial crisis can have potential negative effects on our tourism sector.