The migration crisis cost Ceuta between 3.5 and 4% of GDP and 198 million in loss of the city's image, according to the Chamber of Commerce
The Ceuta Chamber of Commerce estimates that the migration crisis caused direct economic losses of between €65.5 million and €74.3 million in the first two months. This represents about 3.53% to 4% of Ceuta's annual GDP. The losses stem from various factors, including a halt in activities during a mass arrival of migrants and the cancellation of local festivities. In August, businesses reported a significant drop in revenue, with tourism cancellations exceeding 90%. September saw further declines, with losses in the port estimated between €13.9 million and €22.7 million. The reports also highlight a negative impact on employment and the city's image, with reputational damage estimated at €198.41 million by September.
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