UAE highly resilient to COVID-19 pandemic impact, World Economic Forum says

December 25, 2020by admin0

The UAE is one of the leading countries that are relatively more resilient to the Covid-19 pandemic, thanks to strong policy stability, high ICT (Information and Communication Technology) adoption and a financial system that supports SMEs according to the Global Competitiveness Report released by the World Economic Forum.

Data from 37 countries was mapped against the 11 priorities outlined in the report and found that while no country is fully prepared for recovery and economic transformation, some are better placed than others.

The UAE is one of the best countries when it comes to ICT adoption and digital legal framework, achieving second and fourth rankings, respectively, in the report.

“Economies with strong financial systems such as Taiwan, Finland, US, UAE and Singapore could more easily find resources to provide credit to small and medium enterprises (SMEs).

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