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Mall attack to cost Kenya $200 million in tourism

A foreign visitor from Belgium, left, smiles after feeding a giraffe from her hand while others take photographs at the Giraffe Centre, in the Karen neighborhood of Nairobi, Kenya Monday, Sept. 30, 2013. The risk to the country's tourism was one of the first concerns expressed by officials during the initial days of the Westgate Mall siege, but tourists continue to fly to Kenya for safaris and beach vacations despite a number of foreigners being killed in last weeks attack. (AP Photo/Ben Curtis)

Mall attack to cost Kenya $200 million in tourism

October 1, 2013

The risk to tourism was one of the first concerns officials expressed after the attack that left at least 67 dead including 18 foreigners. Tourism generates 14 percent of Kenya's GDP and employs 12 percent of its workforce, according to Moody's Investment Services and the World Travel and Tourism Council.

Moody's predicts the attack will cost Kenya's economy $200 to $250 million in lost tourism revenue, estimating it will slow growth of Kenya's GDP by 0.5 percent. Kenya's 2012 GDP was $41 billion. (Associated Press)