Combating coronavirus: Beat the pandemic with your new normal budget

  • Date: 12-Jul-2020
  • Source: Khaleej Times
  • Sector:Economy
  • Country:UAE
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Combating coronavirus: Beat the pandemic with your new normal budget

In the UAE, job cuts and the decline in company earnings have made the news.





For families around the world, the new normal that emerged from the Covid-19 pandemic was not only about wearing masks, frequent hand-washing and social distancing: Tighter budgets have also been part of almost every household.

In the UAE, job cuts and the decline in company earnings have made the news. Some residents have had to make do with salaries that were reduced from 30 to 50 per cent, while others have to find either a new job or a new source of income. Among the hardest hit were those in the aviation and banking sector, along with other segments of the economy.

The time of Covid-19 was tough - but it certainly wasn't all gloom and doom. In fact, hope came shining through as the country gradually reopened and restarted economic activity. In a show of resiliency, residents - along with the rest of the UAE - adapted to the new normal and soldiered on.

The change in income called for a change in spending habits. For Dubai resident Wind Goma, shopping and food deliveries were the first ones to go.

"I've had to do quite an