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letter to the ministry of economy expressing your concerns about the declining economy of the UAE

letter to the ministry of economy expressing your concerns about the declining economy of the UAE

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Following is the concerned thoughts by me on declining economy of the UAE:-

Meanwhile,UAE's central bank reported the country saw a significant decline in economy activity as a result of COVID-19 lockdown.It is estimated by the central bank that economy can be shrink by 4.3% or more.The main fallout is drop in oil prices.
dubai is especially dependent on real estate & tourism sector.But to control the spread of COVID-19 so many restrictions are imposed on both the sectors.

Credit risk is expected to rise by 6.7% in the UAE in 2020.Banking sector is also affected by pandemic.With the drop in oil revenues & the implementation of fiscal measures.The UAE is expected to report a significant fiscal dificit in 2020.
Hope this will help you.If it really does then please give a thumbs up.

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