UAE tops regional Covid Economic Recovery Index

October 12, 2020

The Index assesses how 122 countries are positioned for recovery, based on their overall health resilience, and the pre-existing structural strengths and weaknesses at the core of their recovery capacity..Reports Asian Lite News.

The United Arab Emirates is leading the Arab region in the COVID Economic Recovery Index Ranking issued by the Horizon Research Group.

The Index assesses how 122 countries are positioned for recovery, based on their overall health resilience, and the pre-existing structural strengths and weaknesses at the core of their recovery capacity.

Thanks to its long-term economic agility, robust, adaptive institutional system, and high literacy rate, the UAE occupies prominent places among advanced countries assessed by the Group in terms of health resilience, highly educated workforce, low debt levels, governance & social capital, and digital economy, where it comes 5th, 15th, 17th, 19th and 21st respectively.

“While they may have been deeply affected initially, countries…. including the United Arab Emirates, Luxemburg, Singapore, Israel, Malta, or Ireland, display stronger economic resilience, which will support recovery.

These countries are mostly relatively small, open economies, highly dependent on international trade and/or flows of capital, and on sectors that are vulnerable to COVID containment measures. Most of these countries have strong institutions and well-educated populations and are digitalised,” reads the Index.

Also read:UAE chairs meeting of GCC ministries of justice

Previous Story

Palestine to hold ‘free and democratic elections’ soon

Next Story

Mohamed Bin Zayed, Netanyahu discuss mutual ties

Latest from -Top News

Iran Warn E3

Iran warns France, Germany, and Britain of “strong reaction” if Tehran’s rights violated Iran’s Foreign Minister Seyed Abbas Araghchi warned France, Germany,

Eid Festivities in the UAE

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan performed the Eid Al-Adha prayer this morning at Sheikh Zayed Grand Mosque

Rome Marches For Gaza

The protest, marked by a sea of rainbow, Palestinian, and political party flags, moved peacefully through central Rome…reports Asian Lite News Tens

Kyiv Awaits Russian Retaliation

A Western diplomatic source confirmed Russia’s response had begun but warned it would likely intensify…reports Asian Lite News The United States believes