COVID-19: UAE tops region in Economic Recovery Index

WAM

The United Arab Emirates is leading the Arab region in the COVID-19 Economic Recovery Index Ranking issued by the Horizon Research Group.

The Index assesses how 122 countries are positioned for readjustment.

Research is based on their overall health resilience, pre-existing structural strengths and weaknesses at the core of their recovery capacity.

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 the digital economy.

The nation holds the fifth, fifteenth, seventeenth, nineteenth and twenty-first rank respectively.

The Index report says, "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," it adds.