Page 3 - கூட்டாட்சியின் போட்டித்திறன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dubai: Coronavirus pandemic pressed pause on the global economy’s progress. The UAE’s open economy hinged on tourism and oil encountered attacks from many directions. As the economy recuperates, its priorities over the next few years are expected to change. A year into the fight between disease and development, the ramifications of the event are apparent. The Federal Competitiveness and Statistics Centre said the UAE’s economy contracted by 6.1 per cent in 2020. As the world’s air travel hub and an international centre of trade and business, the global restrictions on movement stunted the economy. A look back  The Arab world’s second biggest economy witnessed the first contraction of its GDP since the financial crisis in 2009 as the pandemic led to a significant slump in rent, trade, foreign investment and energy prices.

United arab emiratesUnited statesScott livermoreStatistics centreInternational monetary fundCentral bankOrganisation of petroleum exporting countriesUs energy information administrationCentral bank targeted economic support schemeImage creditFederal competitivenessTargeted economic support schemeAnnual reportPetroleum exporting countriesInformation administrationOxford economics