WEF: UAE Among World Leaders in Mitigating COVID-19 Effects on Economy
Published December 16th, 2020 - 02:00 GMT
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. (Shutterstock)
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 on Wednesday.
The UAE’s strong financial system and its ability to successfully plan and integrate health, fiscal and social policies helped the country to be among the world leaders in mitigating the effects of Covid-19 crisis, the report said.