The repercussions of the Covid19 on the overall indicators of the economy in the United Arab Emirates

Abstract

The current study aimed to analyze the most important repercussions of the Covid 19 on the indicators of the UAE economy, in order to monitor the economic recovery policies adopted by it. Through the descriptive analytical approach, it was found that the economic repercussions of the Covid 19 have imposed a general closure on everyone, as theCovid 19 pushed the world into a complex crisis, which brought the global economy into a state of severe recession. The pre- Covid 19 picture shows that the GDP reached at constant prices of the US dollar in 2010 in the UAE, from 198 billion dollars in 2000 to 421 billion dollars in 2019. The rate of economic growth during the period (2000-2019) recorded an average of 4.2%. At the same time, the unemployment rate during the period (2000-2019) did not exceed 3%. The labor market participation rate is 83% in 2019. The UAE ranked first in the Arab world in the post-COVID 19 economic recovery index, and the UAE ranks 37th in the global index.