The IJG Business Climate Monitor (BCM) improved further to 53.5 points in March 2020 from 52.0 points a month earlier. The Leading Indicator, on the other hand, weakened to 56.8 points after gaining some ground in February – a sign of the COVID-19-related troubles to come. In another indication that COVID-19 was starting to have a major impact on the economy the number of tourist arrivals slumped by more than 50 percent to 5,925 international visitors – the lowest number since June 2005.
