Provide the link to the article:
https://gulfnews.com/opinion/editorials/uae-economy-shifts-course-from-recovery-to-solid-growth-1.84873155
Provide a summary of the article.
The United Arab Emirates economy is estimated to begin recovery by the end of the year 2021, and steadily
growing continuing till the year 2024. In the year 2019, at least 40 percent of the GDP that was national was made
up of the expenditure of consumers. Experts believe the UAE is on the right track to recover by next year and that
peace and recovery that is taking too long will continue to be influenced by the way that businesses place their
financial and economical strategies. The UAE is unable to recover the demand for homes until the world demand
begins to stabilize. The input and the flows are important factors in different industries such as trade, real estate,
tourism, leisure, hospitality, and domestic production in the United Arab Emirates economy
How has the situation discussed in the article (within your country) affected your individual household economics?
The main source of the UAE income residence is based on both flows of tourism and trade. It is based on the other
countries' movements of all companies. Downtime had a strong impact on all companies and will stay unchanged.
The change also affects all households. The government was able to keep everything under control for people to
utilize businesses again and open tourist locations.
What if anything can be changed about the microeconomic situation from the article? Please explain
I believe there isn't a lot to change, in the short time that occurred, the government was able to save the market and
bring it back to life. The cost of living in the UAE is still at an all-time high and changing the cost of living was not
touched. The business flow of stuff is the reason that the country can stay at the top of its game. (Gulf News, 2022)
Changes in rent, public transport, living costs should be done. Oil is the main source of income in the UAE and
other G.C.C countries which is a limited resource that makes the country needs a more consistent income soon.
Discuss why you found the article interesting, explain if you agree with the author or do not agree with the article
I really enjoyed reading the article because of the effects of Covid-19 and how the UAE was able to recover and it
was calculated numerically and in a mathematical way. And being a part of the struggle of the economy in the past
year. Because I lived in it I agree with the article about how the changes slowly developed over the course of the
strongly agree with the author of this article, and I commend him for his hard work.
References:
Gulf News. (2022, January 11). UAE economy shifts course from recovery to solid growth. Microeconomics in the
UAE. https://gulfnews.com/opinion/editorials/uae-economy-shifts-course-from-recovery-to-solid-growth-
1.84873155